Morgan Stanley upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from an underweight rating to an equal weight rating in a report released on Wednesday, MarketBeat reports.
A number of other brokerages have also recently issued reports on KOF. BidaskClub raised Coca-Cola FEMSA from a hold rating to a buy rating in a research report on Thursday, August 17th. Zacks Investment Research cut Coca-Cola FEMSA from a buy rating to a hold rating in a research report on Wednesday, September 13th. Citigroup raised Coca-Cola FEMSA from a sell rating to a neutral rating in a research report on Thursday, October 26th. UBS raised Coca-Cola FEMSA from an underperform rating to a market perform rating in a research report on Thursday, November 9th. Finally, Credit Suisse Group cut Coca-Cola FEMSA from an outperform rating to a neutral rating and set a $128.00 target price for the company. in a research report on Friday, November 17th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $99.67.
Shares of Coca-Cola FEMSA (NYSE KOF) opened at $69.28 on Wednesday. The stock has a market capitalization of $14,361.05, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.02 and a beta of 0.93. The company has a current ratio of 1.28, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. Coca-Cola FEMSA has a 12-month low of $59.44 and a 12-month high of $91.85.
About Coca-Cola FEMSA
Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.
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