Coca-Cola HBC (OTCMKTS:CCHGY) Upgraded by Zacks Research to “Hold” Rating

Coca-Cola HBC (OTCMKTS:CCHGY) was upgraded by equities researchers at Zacks Research to a “hold” rating in a report released on Tuesday, Zacks reports.

Several other analysts also recently weighed in on CCHGY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research report on Thursday, August 6th. BNP Paribas Exane downgraded shares of Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Investec lowered shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, September 3rd. Finally, Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Coca-Cola HBC Trading Down 2.9%

CCHGY opened at $60.24 on Tuesday. The business has a fifty day moving average of $64.32 and a 200 day moving average of $61.07. Coca-Cola HBC has a 52-week low of $44.37 and a 52-week 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.