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

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company.

Several brokerages recently commented on CCHGY. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a report on Wednesday, September 16th. Investec downgraded Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. Zacks Research upgraded Coca-Cola HBC to a “hold” rating in a research note on Tuesday, September 8th. Finally, BNP Paribas Exane cut Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th.

Coca-Cola HBC Stock Up 3.0%

CCHGY opened at $58.96 on Friday. The business has a 50 day moving average price of $63.14 and a 200 day moving average price of $60.84. Coca-Cola HBC has a twelve month low of $44.37 and a twelve month high of $68.71. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.19.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG is a consumer packaged goods company and one of The Coca-Cola Company’s strategic bottling partners. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite.

The company also offers a broader portfolio of products, including energy drinks such as Monster, bottled water, juices, ready-to-drink coffee and tea, and alcoholic beverages in selected markets.