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

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

Separately, Wall Street Zen downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th.

Coca-Cola HBC Price Performance

OTCMKTS CCHGY opened at $60.63 on Friday. Coca-Cola HBC has a 52 week low of $44.37 and a 52 week high of $65.93. 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 50-day simple moving average is $58.28 and its two-hundred day simple moving average is $56.71.

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.