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

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) have received a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. One equities research 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.

Several analysts have recently issued reports on CCHGY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research report on Thursday. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd.

Coca-Cola HBC Trading Up 1.2%

Shares of OTCMKTS:CCHGY opened at $66.93 on Friday. Coca-Cola HBC has a twelve month low of $44.37 and a twelve month high of $68.71. The company’s 50 day moving average is $63.88 and its 200 day moving average is $60.41. 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 Company Profile

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.