Coca-Cola HBC (OTCMKTS:CCHGY) Stock Now Rated “Hold” by Wall Street Brokerages

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

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

Coca-Cola HBC Stock Performance

CCHGY opened at $57.63 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. Coca-Cola HBC has a 52 week low of $44.37 and a 52 week high of $68.71. The business’s fifty day simple moving average is $62.79 and its 200 day simple moving average is $60.80.

About Coca-Cola HBC

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.