Wall Street Zen Downgrades Coca-Cola Consolidated to Hold

Coca-Cola Consolidated (NASDAQ:COKE) received an update from Wall Street Zen, which downgraded the company's stock rating to 'hold' from 'buy'. This move was announced in a note to investors on Saturday.

However, Weiss Ratings has maintained a 'buy (b)' rating for Coca-Cola Consolidated shares in its own research note. Currently, one equities research analyst has given COKE a 'buy' rating, while MarketBeat data shows an average rating of 'buy' among analysts.

Coca-Cola Consolidated's stock price opened at $192.99 on Friday and the company has a market cap of $12.85 billion. The P/E ratio is 25.60, with a beta of 0.55. Moving averages are at $183.60 for 50 days and $183.22 for 200 days.

The company reported quarterly earnings of $2.83 per share on revenue of $2.05 billion in its last announcement on August 5th. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.