Embotelladora Andina (NYSE:AKO.B) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Embotelladora Andina S.A. (NYSE:AKO.B)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $28.90 and traded as high as $29.13. Embotelladora Andina shares last traded at $29.4980, with a volume of 3,339 shares changing hands.

Analysts Set New Price Targets

AKO.B has been the topic of several recent analyst reports. Zacks Research upgraded Embotelladora Andina to a “hold” rating in a report on Thursday, May 21st. Wall Street Zen upgraded shares of Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Embotelladora Andina Trading Down 1.0%

The stock’s 50 day moving average is $28.90 and its two-hundred day moving average is $28.91. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 14.46 and a beta of 0.63.

Embotelladora Andina Company Profile

Embotelladora Andina SA, together with its subsidiaries, produces, markets, and distributes Coca-Cola soft drinks in Chile, Brazil, Argentina, and Paraguay. It also offers fruit-flavored beverages, juices, sports and energy drinks, ice tea, and bottled water. Embotelladora Andina SA was founded in 1946 and is headquartered in Santiago, Chile.