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

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

A number of analysts recently weighed in on CCHGY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research report on Friday. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday. Finally, Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th.

Coca-Cola HBC Trading Down 0.4%

OTCMKTS:CCHGY traded down $0.27 during mid-day trading on Tuesday, hitting $67.29. The company had a trading volume of 1,137 shares, compared to its average volume of 7,815. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. Coca-Cola HBC has a fifty-two week low of $44.37 and a fifty-two week high of $68.71. The business’s fifty day moving average is $59.66 and its two-hundred day moving average is $57.99.

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.