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

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) have earned an average recommendation of “Hold” from the five analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company.

A number of research analysts have issued reports on CCHGY shares. 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. Kepler Capital Markets cut shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Finally, Wall Street Zen cut shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th.

Coca-Cola HBC Trading Down 0.1%

OTCMKTS CCHGY opened at $56.93 on Thursday. The company has a fifty day simple moving average of $59.37 and a two-hundred day simple moving average of $53.97. Coca-Cola HBC has a 12-month low of $44.37 and a 12-month high of $65.93. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

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.