Coca-Cola HBC (OTCMKTS:CCHGY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) have been given a consensus rating of “Hold” by the five brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company.

CCHGY has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Kepler Capital Markets lowered shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Finally, Wall Street Zen cut Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th.

Coca-Cola HBC Trading Down 0.8%

Shares of Coca-Cola HBC stock opened at $56.53 on Friday. Coca-Cola HBC has a 1 year low of $42.30 and a 1 year high of $65.93. The firm’s 50-day moving average is $59.58 and its 200 day moving average is $52.47. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

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.