COCA-COLA HBC (CCHGY) Raised to “Strong-Buy” at Zacks Investment Research

COCA-COLA HBC (OTCMKTS:CCHGY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday. The firm currently has a $39.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.08% from the stock’s previous close.

According to Zacks, “Coca-Cola HBC AG produces, sells and distributes non-alcoholic ready-to-drink beverages under bottlers’ arrangements, franchise arrangements with third parties and under its own brand names. It operates primarily in Austria, Cyprus, Greece, Italy, Northern Ireland, the Republic of Ireland, Switzerland, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, Slovenia, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, FYROM, Moldova, Montenegro, Nigeria, Romania, the Russian Federation, Serbia and Ukraine. Coca-Cola HBC AG is headquartered in Zug, Switzerland. “

Other research analysts have also issued reports about the stock. Morgan Stanley upgraded shares of COCA-COLA HBC from an “underweight” rating to an “equal weight” rating in a report on Friday, September 22nd. Jefferies Group LLC lowered shares of COCA-COLA HBC from a “buy” rating to a “hold” rating in a report on Wednesday.

Shares of COCA-COLA HBC (OTCMKTS CCHGY) traded up 1.98% during trading on Thursday, reaching $34.49. 172 shares of the company were exchanged. The stock has a 50-day moving average price of $34.13 and a 200-day moving average price of $30.23. COCA-COLA HBC has a one year low of $20.20 and a one year high of $35.32. The stock has a market capitalization of $12.55 billion and a PE ratio of 26.65.

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About COCA-COLA HBC

Coca Cola HBC AG is a Switzerland-based bottler of Coca-Cola products. The Company’s segments include Established markets, including Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland; Developing markets, including Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, and Emerging markets, including Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, Macedonia, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine.

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