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

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

A number of brokerages have commented on CCHGY. Wall Street Zen downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Finally, Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd.

Coca-Cola HBC Trading Down 0.9%

Shares of CCHGY stock opened at $67.53 on Friday. The company’s 50-day moving average price is $63.01 and its 200-day moving average price is $59.92. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. Coca-Cola HBC has a twelve month low of $44.37 and a twelve month high of $68.71.

Coca-Cola HBC Company Profile

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.