Coca-Cola HBC (OTCMKTS:CCHGY) Trading Down 7.3% – Should You Sell?

Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report) shares fell 7.3% during mid-day trading on Monday . The stock traded as low as $57.16 and last traded at $57.16. 127 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 7,664 shares. The stock had previously closed at $61.65.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCHGY. Zacks Research raised shares of Coca-Cola HBC to a “hold” rating in a research report on Tuesday, September 8th. BNP Paribas Exane downgraded Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola HBC in a report on Wednesday. Finally, Investec downgraded Coca-Cola HBC to a “hold” rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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Coca-Cola HBC Stock Performance

The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average price of $63.45 and a two-hundred day moving average price of $60.89.

Coca-Cola HBC Company Profile

(Get Free Report)

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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