Coca-Cola HBC (OTCMKTS:CCHGY) Stock Rating Upgraded by Zacks Research

Coca-Cola HBC (OTCMKTS:CCHGY) was upgraded by equities researchers at Zacks Research to a “hold” rating in a report released on Tuesday, Zacks reports.

A number of other equities analysts have also recently weighed in on CCHGY. BNP Paribas Exane cut Coca-Cola HBC to a “neutral” rating in a report on Monday, August 10th. Investec cut shares of Coca-Cola HBC to a “hold” rating in a research note on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a research report on Thursday, August 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Coca-Cola HBC Trading Down 2.9%

Shares of OTCMKTS CCHGY opened at $60.24 on Tuesday. The firm’s 50-day moving average is $64.32 and its two-hundred day moving average is $61.07. Coca-Cola HBC has a 12-month low of $44.37 and a 12-month high of $68.71. 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 AG is a consumer packaged goods company and one of The Coca-Cola Company’s strategic bottling partners. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite.

The company also offers a broader portfolio of products, including energy drinks such as Monster, bottled water, juices, ready-to-drink coffee and tea, and alcoholic beverages in selected markets.