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

Embotelladora Andina S.A. (NYSE:AKO.B)’s share price shot up 4.2% on Wednesday . The stock traded as high as $28.65 and last traded at $27.80. 10,223 shares were traded during mid-day trading, a decline of 21% from the average session volume of 13,023 shares. The stock had previously closed at $26.69.

Analyst Ratings Changes

Several brokerages recently weighed in on AKO.B. Zacks Research raised shares of Embotelladora Andina from a “strong sell” rating to a “hold” rating in a research note 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 research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Embotelladora Andina Price Performance

The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 15.03 and a beta of 0.53. The firm’s fifty day moving average is $28.61 and its 200-day moving average is $27.42.

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