Coca-Cola Bottling - Upgrades & Downgrades
NEW YORK (TheStreet) -TheStreet Ratings' stock model upgraded Coca-Cola Bottling (COKE) to 'Buy' from 'Hold'. Revenue at this $467 million market cap, soft drink bottler rose by 10.5% to $417 million in the second quarter when compared to the year earlier quarter.
TheStreet Ratings released rating changes on 16 additional U.S. common stocks for August 26, 2010. In total, six stocks were downgraded and 11 stocks have been upgraded by our stock model.
Net income at Coca-Cola Bottling remained level at $12 million in both the second quarter of 2010 and 2009. The transcript of the quarterly results details comparable net income of $16.3 million in the current quarter versus $9.2 million in the second quarter of 2009 after backing out fuel & aluminum hedges and the impacts of the Nashville flood.
Heading the other direction, being downgraded to 'Hold' from 'Buy', is Tekelec (TKLC). The stock of this $778 million market capitalization, telecom equipment company, set a new 52-week low recently by falling as much as 46% from its mid-April high of $19.89. In the second quarter revenue declined 4.1% while net income dropped 3.4% on lower equipment orders.-- Reported by Kevin Baker in Jupiter, Fla.
For additional Investment Research check out our Ratings Research Center.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV