Gabelli Maintains Buy on Coca-Cola

Gabelli is out with its report today on Coca-Cola KO, maintaining Buy. In its report, Gabelli writes, "Although currency fluctuations add volatility to KO's earnings we continue to recommend purchase of shares. As the global beverage leader, we believe KO is well positioned to continue growing internationally, and in its flagship North America market. KO shares are currently trading at 11.2x and 15.9x our 2012P EBITDA and EPS estimates, respectively, with a 2.9% current return." At the time of posting, shares of KO were trading pre-market at $66.81, up 1.38% from Friday's close.