Compania Cervecerias Unidas S.A. (ADR) (CCU) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Aug 29, 2016.
Compania Cervecerias Unidas S.A. (ADR) closed down -0.36 points or -1.59% at $22.26 with 2,91,566 shares getting traded on Tuesday. Post opening the session at $22.79, the shares hit an intraday low of $22.04 and an intraday high of $22.8 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Compania Cervecerias Unidas S.A. is a beverage company. The Company operates as a brewer soft drinks producer water and nectar producer wine producer and pisco distributor. It also participates in the home and office delivery (HOD) rum and confectionery industries in Chile; in the beer water and soft drinks industries in Uruguay and in the soft drinks water and nectar industries and beer distribution in Paraguay and Bolivia. It operates in the Chile Rio de la Plata and Wine segments. The Company participates in the sweet snacks business through Foods Compania de Alimentos CCU S.A. (Foods) which produces candies cookies cereals and baked products under the Calaf Natur and Nutrabien brands. Through its subsidiary Fabrica de Envases Plasticos S.A. (PLASCO) the Company owns and operates a plastic factory in Renca which supplies pre-forms returnable and non-returnable bottles and caps primarily used by it in the packaging of its soft drinks and water products.