Coke Removing Label For Ramadan

On the side is the message: Labels are for cans not for people. Analysts at Deutsche Bank downgraded shares of Coca Cola HBC AG to a “hold” rating and raised their price target for the stock from GBX 1,250 ($19.45) to GBX 1,400 ($21.78) in a research note on Monday, May 18th. The daily volume was measured at 20,335,005 shares. The 50-day moving average is $40.5 and the 200 day moving average is recorded at $41.29.

That’s the message Coca-Cola is sending over the next week on its red-and-white cans. Currently, 0.8% of the shares of the company are short sold. This is an important indicator as a higher ratio typically suggests that investors are expecting higher future earnings growth compared to companies in the same industry with lower price to earnings ratios. The Non-alcoholic beverages company announced earnings per share of $0.48 against a consensus Street estimate of $0.43, beating the average estimate by $0.05. The company’s revenue for the quarter was up 1.3% on a year-over-year basis.

There are now twenty-four analysts that cover Coca-Cola Co stock. The ex-dividend date was Thursday, June 11th. The Company serves a market of approximately 170 million consumers throughout Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden.

Coca-Cola Enterprises, Inc. (CCE) markets, produces, and distributes nonalcoholic beverages.

The campaign, “Remove labels this Ramazan”, fits into Coke’s larger “Let’s take an extra second” campaign which aims to encourage people from around the world to get to know one another beyond a first impression, over a sugary beverage.

Speaking to Citi Business News General Manager of the Coca-Cola Bottling Company of Ghana Felix Gomis assured current staff of the company that it has completed its staff rationalization exercise.