Embotelladora Andina S.A. (NYSE:AKO.B) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research lowered shares of Embotelladora Andina S.A. (NYSE:AKO.B) from a buy rating to a hold rating in a report issued on Wednesday.
According to Zacks, “Embotelladora Andina S.A. produces and distributes Coca-Cola products in Chile, Brazil and Argentina. Through subsidiaries, they also produce PET packaging, produce and distribute juices and mineral water, and process and distribute agricultural products, including canned fruits and tomato products. “
Separately, J P Morgan Chase & Co raised shares of Embotelladora Andina from a neutral rating to an overweight rating in a research report on Wednesday, April 12th.
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About Embotelladora Andina
Embotelladora Andina SA (Andina) is a bottler of Coca-Cola trademark beverages in Latin America. The Company operates in four segments: Chile, Brazil, Argentina and Paraguay. It produces and distributes fruit juices, other fruit-flavored beverages and mineral and purified water in Chile, Argentina and Paraguay under trademarks owned by The Coca-Cola Company.
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