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

Embotelladora Andina S.A. (NYSE:AKO.B) shares crossed 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.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AKO.B shares. Wall Street Zen raised shares of Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Zacks Research upgraded Embotelladora Andina to a “hold” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Embotelladora Andina Price Performance

The firm has a market capitalization of $4.80 billion, a PE ratio of 14.93 and a beta of 0.63. The company has a 50-day moving average price of $28.95 and a 200-day moving average price of $28.95.

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.