The Coca-Cola Co (NYSE:KO) has been downgraded to Hold in a statement by Stifel Nicolaus earlier today.
- Updated: October 1, 2016
Stifel Nicolaus has downgraded The Coca-Cola Co (NYSE:KO) to Hold in a statement released on 09/29/2016.
Boasting a price of $42.09, The Coca-Cola Co (NYSE:KO) traded 0.69% higher on the day. With the last stock price close down -5.14% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. The Coca-Cola Co has recorded a 50-day average of $43.12 and a two hundred day average of $44.61. Volume of trade was up over the average, with 14,375,702 shares of KO changing hands over the typical 11,274,100
With a total market value of $0, The Coca-Cola Co has price-earnings ratio of 24.35 with a one year low of $40.43 and a one year high of $47.13 .
A total of 19 equity analysts have released a ratings update on KO. Five equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, twelve equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $47.95.
Brief Synopsis About The Coca-Cola Co (NYSE:KO)
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. The Company's segments include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate. It owns and markets a range of nonalcoholic sparkling beverage brands, including Coca-Cola, Diet Coke, Fanta and Sprite. It markets, manufactures and sells beverage concentrates, which are referred to as beverage bases, and syrups, including fountain syrups (concentrate business or concentrate operations), and finished sparkling and still beverages (finished product business or finished product operations). In the United States, it manufactures fountain syrups and sells them to fountain retailers, such as restaurants and convenience stores.
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