Coca-Cola HBC (OTCMKTS:CCHGY) Given Average Rating of “Hold” by Analysts

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

A number of research firms have weighed in on CCHGY. Kepler Capital Markets downgraded shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Morgan Stanley reiterated an “overweight” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Finally, Wall Street Zen downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th.

Coca-Cola HBC Stock Performance

Shares of Coca-Cola HBC stock opened at $57.43 on Monday. The company’s fifty day simple moving average is $57.80 and its 200-day simple moving average is $55.24. 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 has a 1 year low of $44.37 and a 1 year high of $65.93.

Coca-Cola HBC Company Profile

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.