Colgate-Palmolive Company (CL) is Downgraded by Citigroup

Colgate-Palmolive Company (CL) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their Clients and Investors in a research report released on Jan 30, 2017.

Based on several research reports , Colgate-Palmolive Company was Initiated by Berenberg to “Hold” on Jan 25, 2017. Colgate-Palmolive Company was Resumed by Wells Fargo to “Market Perform” on Nov 15, 2016.

On the company’s financial health, Colgate-Palmolive Company reported $0.75 EPS for the quarter, based on the information available during the earnings call on Jan 27, 2017. Analyst had a consensus estimate of $0.75. The company had revenue of $3721.00 million for the quarter, compared to analysts expectations of $3868.27 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 EPS.

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