Embotelladora Andina (NYSE:AKO.B) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Embotelladora Andina S.A. (NYSE:AKO.B) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $28.90 and traded as high as $29.13. Embotelladora Andina shares last traded at $29.4980, with a volume of 3,339 shares changing hands.

Analysts Set New Price Targets

AKO.B has been the subject of several recent research reports. Wall Street Zen upgraded shares of Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Zacks Research raised shares of Embotelladora Andina to a “hold” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Embotelladora Andina Trading Down 1.0%

The firm’s 50 day moving average price is $28.90 and its two-hundred day moving average price is $28.91. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 14.46 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.