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

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

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

Coca-Cola HBC Price Performance

OTCMKTS:CCHGY opened at $56.53 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. Coca-Cola HBC has a one year low of $42.30 and a one year high of $65.93. The stock has a 50-day simple moving average of $59.65 and a 200 day simple moving average of $52.54.

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.