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
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $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
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV