Coca-Cola HBC (OTCMKTS:CCHGY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Coca-Cola HBC (OTCMKTS:CCHGY – Free Report) to a hold rating in a report released on Tuesday,Zacks reports.

Other analysts have also issued research reports about the stock. Investec lowered shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research note on Thursday, August 6th. BNP Paribas Exane cut Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Finally, Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Coca-Cola HBC has a consensus rating of “Hold”.

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Coca-Cola HBC Price Performance

Shares of OTCMKTS:CCHGY opened at $60.24 on Tuesday. Coca-Cola HBC has a 52-week low of $44.37 and a 52-week high of $68.71. The business has a fifty day moving average of $64.32 and a two-hundred day moving average of $61.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.19.

About Coca-Cola HBC

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Coca-Cola HBC AG is a consumer packaged goods company and one of The Coca-Cola Company’s strategic bottling partners. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite.

The company also offers a broader portfolio of products, including energy drinks such as Monster, bottled water, juices, ready-to-drink coffee and tea, and alcoholic beverages in selected markets.

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