Coca-Cola HBC (CCHGY) Projected to Release Earnings on Wednesday

Coca-Cola HBC (OTCMKTS:CCHGY) will likely be announcing its resultson Wednesday, August 5th. Analysts expect Coca-Cola HBC to post earnings of $1.65 per share and revenue of $7.0327 billion for the quarter.

Coca-Cola HBC Stock Performance

Shares of CCHGY stock traded up $1.45 during midday trading on Wednesday, reaching $66.69. 327 shares of the stock were exchanged, compared to its average volume of 7,657. Coca-Cola HBC has a 1 year low of $44.37 and a 1 year high of $68.71. The company’s 50 day moving average is $62.39 and its two-hundred day moving average is $59.66. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Analyst Ratings Changes

Several research firms recently weighed in on CCHGY. Wall Street Zen lowered Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.