Coca-Cola HBC (OTCMKTS:CCHGY) Receives Average Recommendation of “Hold” from Analysts

Shares of Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company.

Several research firms have recently commented on CCHGY. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. BNP Paribas Exane lowered Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a report on Thursday, August 6th.

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Coca-Cola HBC Stock Performance

Shares of CCHGY opened at $62.77 on Wednesday. The stock has a 50-day moving average of $64.60 and a two-hundred day moving average of $61.13. Coca-Cola HBC has a one year low of $44.37 and a one year 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.

Coca-Cola HBC Company Profile

(Get Free Report)

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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