Deutsche Bank Downgrades Celesio AG-ADR to Sell (CAKFY)
Celesio AG-ADR (NASDAQ:CAKFY) was downgraded by investment analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, Stock Ratings News reports.
Shares of Celesio AG-ADR (NASDAQ:CAKFY) remained flat at $6.28 during trading on Wednesday. Celesio AG-ADR has a 52-week low of $3.44 and a 52-week high of $6.56. The stock has a 50-day moving average of $6.28 and a 200-day moving average of $5.23. The company has a market cap of $5.341 billion and a price-to-earnings ratio of 28.70.
Celesio AG is a Germany-based pharmaceutical distribution holding company. The Company, which is active in 27 countries, operates through three business divisions: Patient and Consumer Solutions, Pharmacy Solutions, and Manufacturer Solutions.
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