Coca-Cola HBC (OTCMKTS:CCHGY) Raised to “Hold” at Zacks Research

Coca-Cola HBC (OTCMKTS:CCHGY) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report issued on Tuesday, Zacks reports.

Several other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research report on Thursday, August 6th. BNP Paribas Exane lowered Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Finally, Investec downgraded Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Coca-Cola HBC Stock Down 2.9%

Shares of OTCMKTS:CCHGY opened at $60.24 on Tuesday. The stock has a 50 day moving average of $64.32 and a 200 day moving average of $61.07. Coca-Cola HBC has a 12-month low of $44.37 and a 12-month high of $68.71. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

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.