The stock of Vina Concha y Toro SA (ADR) (NYSE:VCO) hit a new 52-week high and has $53.18 target or 50.00% above today’s $35.45 share price. The 7 months bullish chart indicates low risk for the $1.33B company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $53.18 price target is reached, the company will be worth $665.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.48% or $0.52 on October 3, hitting $35.45. About 87,387 shares traded hands or 545.59% up from the average. Vina Concha y Toro SA (ADR) (NYSE:VCO) has risen 4.21% since February 29, 2016 and is uptrending. It has underperformed by 8.01% the S&P500.
According to Zacks Investment Research, “Vina Concha Y Toro produces, bottles and labels premium wines, varietal and varietal blend wines, all of which are marketed and exported by its susidaries. The Company, together with Hiram Walker, also distributes Hiram Walker whiskey, vodka and gin throughout Chile.”
More notable recent Vina Concha y Toro SA (ADR) (NYSE:VCO) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Seekingalpha.com with their article: “A Chilean Wine Producer You Missed Despite Its Size (VCO)” published on May 23, 2015, Seekingalpha.com published: “ViÃ±a Concha Y Toro: Overlooked And Undervalued” on March 29, 2016. More interesting news about Vina Concha y Toro SA (ADR) (NYSE:VCO) were released by: Benzinga.com and their article: “Latin American ADRs Getting Slaughtered, Brazilian Real And Crude Continue To …” published on September 22, 2015 as well as Dividend.com‘s news article titled: “Anheuser-Busch InBev (BUD)” with publication date: June 29, 2008.
VCO Company Profile
Vina Concha y Toro S.A, incorporated on November 6, 1922 is a wine producer in Latin America. The Firm owns approximately 10,800 hectares of vineyards in Chile, Argentina and the United States. The Company’s renowned portfolio includes wines from these three origins, including icons Don Melchor and Almaviva, brands Marques de Casa Concha and Casillero del Diablo, and wines from its subsidiaries Cono Sur, Quinta de Maipo in Chile, and Trivento Bodegas and Fetzer Vineyards abroad. The Firm carries out its activities directly through its subsidiaries, including Vina Cono Sur, Quinta de Maipo, Vina Maipo, Vina Maycas del Limari, Trivento Bodegas y Vinedos in Argentina, and Fetzer Vineyards in the USA. It participates in the distribution business through its subsidiaries VCT Chile, Concha y Toro UK Limited, VCT Brasil Importacion y Exportacion Limitada, Concha y Toro Sweden AB, Concha y Toro Finland OY, Concha y Toro Norway AS, VCT Group Asia, VCT Africa & Middle East, Concha y Toro Canada, Cono Sur France S.A.R.L., Gan Lu Wine Trading (Shanghai) CO. Ltd., VCT Norway AS, and the distribution joint ventures Excelsior Wine Company, VCT & DG Mexico, VCT Japan Company Ltd. and Escalade Wines & Spirits Inc.
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