Embotelladora Andina (NYSE:AKO.B) Shares Gap Up – Here’s What Happened

Embotelladora Andina S.A. (NYSE:AKO.B)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $26.80, but opened at $29.76. Embotelladora Andina shares last traded at $28.58, with a volume of 5,638 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AKO.B shares. Wall Street Zen upgraded Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Zacks Research upgraded Embotelladora Andina to a “hold” rating in a research report on Thursday, May 21st. 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 data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Embotelladora Andina Trading Down 0.6%

The firm has a 50-day moving average of $28.66 and a two-hundred day moving average of $28.57. The firm has a market capitalization of $4.58 billion, a P/E ratio of 14.22 and a beta of 0.62.

Embotelladora Andina (NYSE:AKO.B) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $999.00 EPS for the quarter. Embotelladora Andina had a return on equity of 24.47% and a net margin of 8.70%.The firm had revenue of $1.04 billion for the quarter. On average, sell-side analysts anticipate that Embotelladora Andina S.A. will post 2.14 EPS for the current fiscal 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.