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

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

A number of brokerages recently weighed in on CCHGY. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. 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, Morgan Stanley reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th.

Coca-Cola HBC Price Performance

Shares of OTCMKTS CCHGY opened at $54.90 on Monday. 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 1-year low of $44.37 and a 1-year high of $65.93. The stock’s 50-day moving average is $58.18 and its 200 day moving average is $54.84.

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.