Embotelladora Andina SA ADR Series B (NYSE:AKO.B) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Embotelladora Andina SA ADR Series B (NYSE:AKO.B) from a strong sell rating to a hold rating in a research report released on Monday, Zacks.com reports.

According to Zacks, “Embotelladora Andina S.A. produces and distributes Coca-Cola products in Chile, Brazil and Argentina. Through subsidiaries, they also produce PET packaging, produce and distribute juices and mineral water, and process and distribute agricultural products, including canned fruits and tomato products. “

Separately, ValuEngine lowered shares of Embotelladora Andina SA ADR Series B from a hold rating to a sell rating in a report on Tuesday, September 1st.

Shares of AKO.B opened at $12.51 on Monday. The company has a 50-day simple moving average of $13.65 and a 200-day simple moving average of $13.97. The firm has a market capitalization of $1.97 billion, a P/E ratio of 9.07 and a beta of 0.52. Embotelladora Andina SA ADR Series B has a 52 week low of $10.15 and a 52 week high of $20.42.

Embotelladora Andina SA ADR Series B (NYSE:AKO.B) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter. Embotelladora Andina SA ADR Series B had a net margin of 9.53% and a return on equity of 18.05%. The firm had revenue of $379.80 million during the quarter. Equities research analysts predict that Embotelladora Andina SA ADR Series B will post 0.83 earnings per share for the current year.

About Embotelladora Andina SA ADR Series B

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.

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