COCA-COLA HBC A/ADR (OTCMKTS:CCHGY) Raised to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of COCA-COLA HBC A/ADR (OTCMKTS:CCHGY) from a sell rating to a hold rating in a research note published on Monday morning, Zacks.com reports.

According to Zacks, “Coca-Cola HBC AG produces, sells and distributes non-alcoholic ready-to-drink beverages under bottlers’ arrangements, franchise arrangements with third parties and under its own brand names. It operates primarily in Austria, Cyprus, Greece, Italy, Northern Ireland, the Republic of Ireland, Switzerland, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, Slovenia, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, FYROM, Moldova, Montenegro, Nigeria, Romania, the Russian Federation, Serbia and Ukraine. Coca-Cola HBC AG is headquartered in Zug, Switzerland. “

Separately, Barclays raised COCA-COLA HBC A/ADR from an underweight rating to an overweight rating in a research note on Wednesday, June 5th.

Shares of CCHGY stock opened at $32.40 on Monday. The business has a 50 day simple moving average of $34.87 and a 200 day simple moving average of $35.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.21 and a quick ratio of 0.98. The firm has a market capitalization of $11.90 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 2.69 and a beta of 0.26. COCA-COLA HBC A/ADR has a 12-month low of $28.53 and a 12-month high of $38.80.

About COCA-COLA HBC A/ADR

Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.

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