Coca-Cola HBC (OTCMKTS:CCHGY) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Coca-Cola HBC (OTCMKTS:CCHGY) from a buy rating to a hold rating in a report released on Saturday morning.

Several other research analysts also recently weighed in on CCHGY. Kepler Capital Markets downgraded Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Coca-Cola HBC Stock Performance

OTCMKTS CCHGY opened at $56.53 on Friday. The company’s 50 day moving average is $59.65 and its 200-day moving average is $52.54. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. Coca-Cola HBC has a 12-month low of $42.30 and a 12-month high of $65.93.

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.