Coca-Cola Hellenic Upped to Buy

Coca-Cola Hellenic Bottling Company (CCH) enjoys an attractive geographic mix with 66% of revenues being derived from developing or emerging markets. In addition, the company's product mix is less dependent on CSDs (carbonated soft drinks) than other bottlers.

Since the company conducts business and reports financial results in Euros, much of the stock's performance is inversely correlated with US dollar's exchange rate with the Euro. However, as management has a sound business strategy and proven execution skills, the recent earnings decline is providing a valuation-based buying opportunity. Therefore, the stock has been upgraded to a Buy.

Coca-Cola Hellenic Bottling Company is one of the largest bottlers of non-alcoholic beverages (soft drinks) in Europe, operating in 28 countries. In 2007, the company sold approximately 1.9 billion unit cases, generating net sales revenue of 6.2 billion ($9.0 billion).

Read the full analyst report on CCH

Read the full analyst report on CCH