Coca-Cola HBC (OTCMKTS:CCHGY) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Coca-Cola HBC (OTCMKTS:CCHGY) from a buy rating to a hold rating in a research report released on Saturday morning.

CCHGY has been the subject of a number of other reports. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Finally, Kepler Capital Markets cut Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Coca-Cola HBC Price Performance

Shares of OTCMKTS:CCHGY opened at $57.60 on Friday. Coca-Cola HBC has a 1-year low of $42.30 and a 1-year high of $65.93. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. The business has a 50-day moving average price of $59.74 and a two-hundred day moving average price of $52.63.

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.