Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF – Get Free Report) dropped 1.6% on Thursday . The company traded as low as $11.99 and last traded at $11.99. Approximately 1,637 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 6,161 shares. The stock had previously closed at $12.19.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Itau BBA Securities upgraded shares of Arca Continental to an “outperform” rating in a research note on Tuesday, April 28th. Barclays reiterated an “overweight” rating on shares of Arca Continental in a research note on Monday, May 4th. Finally, Bradesco Corretora raised Arca Continental to an “outperform” rating in a report on Wednesday, February 11th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Arca Continental has an average rating of “Buy”.
View Our Latest Report on EMBVF
Arca Continental Stock Down 1.6%
Arca Continental Company Profile
Arca Continental, established in 2001 through the merger of three Mexican Coca-Cola bottlers, is one of the world’s largest franchise bottlers affiliated with The Coca-Cola Company. Headquartered in Monterrey, Mexico, the company ranks among the top three Coca-Cola bottlers globally by volume and is publicly listed on the Mexican Stock Exchange, trading over-the-counter in the United States under the symbol EMBVF.
The company’s core operations encompass the production, bottling and distribution of a broad portfolio of ready-to-drink beverages.
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