Coca-Cola HBC (OTCMKTS:CCHGY) Stock Rated “Hold” by Sell-Side Analysts

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

A number of equities analysts have recently weighed in on the company. Zacks Research raised Coca-Cola HBC to a “hold” rating in a research note on Tuesday, September 8th. Investec cut Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. BNP Paribas Exane downgraded Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a report on Wednesday, September 16th.

Coca-Cola HBC Stock Up 0.0%

OTCMKTS:CCHGY opened at $55.86 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.18. The business’s 50-day simple moving average is $59.67 and its two-hundred day simple moving average is $60.39. Coca-Cola HBC has a 52 week low of $46.43 and a 52 week high of $68.71.

About Coca-Cola HBC

Coca-Cola HBC AG is a beverage bottler and distributor and a strategic bottling partner of The Coca-Cola Company. The company produces, packages, markets and sells Coca-Cola beverages and other drinks in markets across Europe and Africa.

Its portfolio includes sparkling soft drinks such as Coca-Cola, Fanta and Sprite, as well as water, juices, ready-to-drink tea and coffee, and energy drinks. Product offerings vary by market and include both international brands and local beverages.

The company traces its roots to Hellenic Bottling Company, established in Greece in 1969.