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

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) have been assigned a consensus rating of “Hold” from the five research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company.

A number of equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd.

Coca-Cola HBC Stock Down 0.9%

Shares of CCHGY opened at $67.53 on Friday. The company’s 50-day moving average price is $63.01 and its 200 day moving average price is $59.92. Coca-Cola HBC has a 12-month low of $44.37 and a 12-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 (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.