Coca-Cola HBC (CCHGY) Projected to Release Quarterly Earnings on Wednesday

Coca-Cola HBC (OTCMKTS:CCHGY) is expected to release its resultson Wednesday, August 5th. Analysts expect the company to announce earnings of $1.65 per share and revenue of $3.95 billion for the quarter.

Coca-Cola HBC Price Performance

CCHGY stock opened at $67.53 on Monday. Coca-Cola HBC has a 12 month low of $44.37 and a 12 month high of $68.71. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm’s fifty day simple moving average is $63.01 and its 200-day simple moving average is $59.97.

Analysts Set New Price Targets

CCHGY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Two 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 MarketBeat.com, the company has a consensus rating of “Hold”.

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.