Coca-Cola HBC (OTCMKTS:CCHGY) Given Average Rating of “Hold” by Analysts

Coca-Cola HBC (OTCMKTS:CCHGY) has been given an average rating of “Hold” by the five ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company.

Several brokerages recently commented on CCHGY. Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Finally, Kepler Capital Markets lowered shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th.

Coca-Cola HBC Trading Up 0.1%

Shares of OTCMKTS CCHGY opened at $57.43 on Monday. The firm has a fifty day moving average of $57.80 and a 200 day moving average of $55.17. 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 one year low of $44.37 and a one year high of $65.93.

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.