Coca-Cola HBC (OTCMKTS:CCHGY) Shares Gap Down – What’s Next?

Coca-Cola HBC (OTCMKTS:CCHGY)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $64.90, but opened at $56.89. Coca-Cola HBC shares last traded at $57.33, with a volume of 2,926 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CCHGY. BNP Paribas Exane lowered Coca-Cola HBC to a “neutral” rating in a report on Monday, August 10th. Zacks Research raised shares of Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a research note on Wednesday, September 16th. Finally, Investec lowered shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Coca-Cola HBC Stock Up 2.5%

The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 1.07. The firm’s fifty day moving average is $59.67 and its 200-day moving average is $60.39.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG is a Switzerland-based beverage bottler and one of the largest bottling partners of The Coca-Cola Company. The company manufactures, distributes and sells a broad portfolio of non-alcoholic beverages, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite, as well as water, juices, energy drinks, sports drinks, ready-to-drink coffee and alcoholic beverages in selected markets. Its portfolio also includes brands such as Schweppes, Monster Energy, Costa Coffee and Cappy, depending on local distribution rights.

Coca-Cola HBC serves customers across 29 countries in Europe, Africa and emerging markets.