Coca‑Cola HBC (OTC:CCHGY) Raised to “Buy” at Wall Street Zen

Coca‑Cola HBC (OTC:CCHGY) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Coca‑Cola HBC Stock Performance

CCHGY stock traded down $0.12 during midday trading on Monday, hitting $55.94. 8,661 shares of the stock traded hands, compared to its average volume of 7,846. Coca‑Cola HBC has a 1-year low of $42.30 and a 1-year high of $65.93.

Coca‑Cola HBC (OTC: CCHGY) is a major bottler and distributor within the Coca‑Cola system, responsible for producing, packaging, marketing and delivering a broad range of nonalcoholic beverages. Headquartered in Steinhausen, Switzerland, the company operates as a contract partner of The Coca‑Cola Company and focuses on bringing global brands and local beverage offerings to retail, foodservice and vending customers.

The company’s product portfolio spans carbonated soft drinks such as Coca‑Cola, Coca‑Cola Zero Sugar, Fanta and Sprite, as well as a range of still beverages including juices, bottled water, ready‑to‑drink teas and coffees, sports drinks and energy beverages.