Viña Concha y Toro S.A. (VCO) Just Reaches 52-Week High?

April 16, 2018 - By Louis Casey

Viña Concha y Toro S.A. (NYSE:VCO) Logo

The stock of Viña Concha y Toro S.A. (NYSE:VCO) hit a new 52-week high and has $48.17 target or 7.00 % above today’s $45.02 share price. The 5 months bullish chart indicates low risk for the $1.62 billion company. The 1-year high was reported on Apr, 16 by Barchart.com. If the $48.17 price target is reached, the company will be worth $113.12 million 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 decreased 2.89% or $1.34 during the last trading session, reaching $45.02. About 1,269 shares traded. Viña Concha y Toro S.A. (NYSE:VCO) has risen 23.46% since April 16, 2017 and is uptrending. It has outperformed by 11.91% the S&P500.

Vi??a Concha y Toro S.A., together with its subsidiaries, produces, distributes, and exports wine in Chile, Europe, the United States, South America, Asia, Canada, Central America, Africa, and internationally. The company has market cap of $1.62 billion. The firm operates through two divisions, Wines and Other. It has a 23.21 P/E ratio. It sells its premium wines under the Don Melchor, Carm??n de Peumo, Gravas del Maipo, Amelia, Terrunyo, Marqu??s de Casa Concha, Gran Reserva Serie Riberas, Casillero del Diablo, Trio, and Late Harvest brand names; varietal and bi-varietal wines under the Sunrise, Concha y Toro, and Frontera brands; and popular wines under the Tocornal, Clos de Pirque, Exportacion, and Fressco brand names.

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