Shares of Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report) gapped down before the market opened on Thursday. The stock had previously closed at $64.90, but opened at $56.89. Coca-Cola HBC shares last traded at $57.33, with a volume of 2,926 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on CCHGY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a research note on Wednesday, September 16th. Investec downgraded shares of Coca-Cola HBC to a “hold” rating in a research note on Thursday, September 3rd. BNP Paribas Exane downgraded Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Finally, Zacks Research upgraded shares of Coca-Cola HBC to a “hold” rating in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Coca-Cola HBC currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on CCHGY
Coca-Cola HBC Stock Performance
The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.18. The business’s 50-day simple moving average is $59.96 and its 200-day simple moving average is $60.36.
About Coca-Cola HBC
Coca-Cola HBC AG is a Switzerland-based beverage bottler and one of the largest bottling partners of The Coca-Cola Company. The company manufactures, distributes and sells a broad portfolio of non-alcoholic beverages, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite, as well as water, juices, energy drinks, sports drinks, ready-to-drink coffee and alcoholic beverages in selected markets. Its portfolio also includes brands such as Schweppes, Monster Energy, Costa Coffee and Cappy, depending on local distribution rights.
Coca-Cola HBC serves customers across 29 countries in Europe, Africa and emerging markets.
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