Coca-Cola HBC (OTCMKTS:CCHGY) Downgraded to “Hold” Rating by Wall Street Zen

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

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

Coca-Cola HBC Trading Down 0.1%

OTCMKTS:CCHGY opened at $49.88 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 0.92. Coca-Cola HBC has a one year low of $32.89 and a one year high of $55.60. The company’s 50-day simple moving average is $49.12 and its 200 day simple moving average is $49.85.

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.