Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $58.49, but opened at $55.88. Coca-Cola HBC shares last traded at $55.88, with a volume of 223 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts have weighed in on CCHGY shares. Kepler Capital Markets lowered Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.
Check Out Our Latest Research Report on CCHGY
Coca-Cola HBC Trading Up 1.9%
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.
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