Embotelladora Andina (NYSE:AKO.B) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Embotelladora Andina S.A. (NYSE:AKO.B) saw strong trading volume on Friday . Approximately 15,377 shares changed hands during 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.

Analyst Ratings Changes

A number of research analysts recently commented on AKO.B shares. Zacks Research upgraded Embotelladora Andina to a “hold” rating in a research report on Thursday, May 21st. Wall Street Zen raised shares of Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Embotelladora Andina currently has a consensus rating of “Buy”.

Embotelladora Andina Stock Performance

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

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.