Coca-Cola HBC (OTCMKTS:CCHGY) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Coca-Cola HBC (OTCMKTS:CCHGY) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Separately, Morgan Stanley initiated coverage on shares of Coca-Cola HBC in a research note on Thursday, October 2nd. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Coca-Cola HBC presently has an average rating of “Buy”.

Coca-Cola HBC Stock Performance

Shares of OTCMKTS:CCHGY opened at $53.05 on Wednesday. Coca-Cola HBC has a 1-year low of $32.89 and a 1-year high of $55.60. The firm’s 50 day simple moving average is $49.42 and its two-hundred day simple moving average is $49.89. The company has a quick ratio of 0.92, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

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.