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Upgrade Alert for Coca-Cola Femsa SAB (KOF)

By Nick Russo

Coca-Cola Femsa SAB (NYSE:KOF) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $75.95 on volume of 76,000 shares, below average daily volume of 118,000.

Coca-Cola Femsa SAB has overhead space with shares priced $75.95, or 13.6% below the average consensus analyst price target of $87.93. Coca-Cola Femsa SAB shares should encounter resistance at the 50-day moving average (MA) of $81.14 and support at its 200-day MA of $74.19.

In the past 52 weeks, shares of Coca-Cola Femsa SAB have traded between a low of $61.17 and a high of $87.58 and closed yesterday at $75.95, which is 24% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

Coca-Cola Femsa, S.A.B. de C.V. (Femsa) bottles beverages. The Company bottles and distributes branded beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Venezuela, Colombia, Brazil, and Argentina. In some countries Femsa also markets water, beer, and other products.

SmarTrend is monitoring the recent change of momentum in Coca-Cola Femsa SAB. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Coca-Cola Femsa SAB in search of a potential trend change.

Keywords: analyst upgrades/downgrades coca-cola femsa sab

Ticker(s): KOF