Embotelladora Andina (NYSE:AKO.B) Trading 4.2% Higher – Time to Buy?

Embotelladora Andina S.A. (NYSE:AKO.B)’s stock price traded up 4.2% during mid-day trading on Wednesday . The company 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 Upgrades and Downgrades

A number of research analysts have issued reports on the company. Zacks Research raised 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 research report on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Embotelladora Andina currently has an average rating of “Buy”.

Embotelladora Andina Trading Up 1.0%

The company has a market cap of $4.54 billion, a price-to-earnings ratio of 15.57 and a beta of 0.53. The business has a fifty day moving average of $28.55 and a two-hundred day moving average of $27.43.

Embotelladora Andina (NYSE:AKO.B) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.10. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Embotelladora Andina had a return on equity of 24.42% and a net margin of 8.16%. On average, research analysts forecast that Embotelladora Andina S.A. will post 1.77 EPS for the current fiscal year.

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.