Coca-Cola HBC (OTCMKTS:CCHGY) Receives Consensus Rating of “Hold” from Brokerages

Coca-Cola HBC (OTCMKTS:CCHGY) has been assigned an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company.

CCHGY has been the subject of a number of research analyst reports. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a research note on Thursday, August 6th. Finally, BNP Paribas Exane lowered shares of Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th.

Coca-Cola HBC Trading Up 0.1%

Coca-Cola HBC stock opened at $62.77 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. Coca-Cola HBC has a 1-year low of $44.37 and a 1-year high of $68.71. The business has a fifty day moving average price of $64.60 and a 200-day moving average price of $61.13.

About Coca-Cola HBC

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.