Embotelladora Andina (NYSE:AKO.B) Shares Up 4.2% – Here’s Why

Embotelladora Andina S.A. (NYSE:AKO.B) was up 4.2% on Wednesday . The stock traded as high as $28.65 and last traded at $27.80. Approximately 10,223 shares traded hands during trading, a decline of 21% from the average daily volume of 13,023 shares. The stock had previously closed at $26.69.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AKO.B shares. Zacks Research upgraded shares of Embotelladora Andina from a “strong sell” rating to a “hold” rating in a report on Monday, December 15th. Wall Street Zen lowered shares of Embotelladora Andina from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Embotelladora Andina Price Performance

The firm’s fifty day moving average price is $28.61 and its two-hundred day moving average price is $27.42. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 15.03 and a beta of 0.53.

Embotelladora Andina (NYSE:AKO.B) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.10. Embotelladora Andina had a net margin of 8.16% and a return on equity of 24.42%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. On average, equities research analysts anticipate that Embotelladora Andina S.A. will post 1.77 earnings per share for the current year.

About Embotelladora Andina

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.