Embotelladora Andina (NYSE:AKO.B) Sees Unusually-High Trading Volume – Here’s What Happened

Embotelladora Andina S.A. (NYSE:AKO.B) shares saw an uptick in trading volume on Friday . 15,377 shares changed hands during mid-day trading, an increase of 29% from the previous session’s volume of 11,875 shares.The stock last traded at $29.70 and had previously closed at $29.90.

Wall Street Analysts Forecast Growth

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

Embotelladora Andina Stock Down 0.5%

The company has a market cap of $4.69 billion, a price-to-earnings ratio of 14.51 and a beta of 0.63. The firm has a 50 day moving average price of $30.27 and a two-hundred day moving average price of $29.14.

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.