Tough Economic Conditions Can't Hold United Breweries Back
Compania Cervecerias Unidas (NYSE: CCU) is a diversified beverage company that does business throughout much of South America. Headquartered in Chile, the company known in English as United Breweries has much of its fortunes tied to the local economies. When times are tough, United Breweries has to work harder in order to make progress with its growth, and lately, finding a path to prosperity has become more of a struggle for the beverage maker.
Coming into its second-quarter financial report, United Breweries investors wanted the company to rebound from sluggishness earlier in the year. The beverage maker saw good gains that pointed toward a recovery even though company executives cited difficult conditions in some of its key markets. Let's take a closer look at United Breweries and what drove its performance during the quarter.
Image source: Compania Cervecerias Unidas.
Source: Fool.com
Compañía de Cervecerías Unidas S.A. ADR Stock
Currently there is a rather positive sentiment for Compañía de Cervecerías Unidas S.A. ADR with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 14 € shows a positive potential of 45.08% compared to the current price of 9.65 € for Compañía de Cervecerías Unidas S.A. ADR.
