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

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) have been given an average recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company.

A number of research analysts have commented on CCHGY shares. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. BNP Paribas Exane cut Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a research note on Thursday, August 6th.

Coca-Cola HBC Stock Down 0.2%

OTCMKTS CCHGY opened at $61.67 on Wednesday. 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 $68.71. The business’s 50-day moving average is $64.71 and its 200 day moving average is $61.20.

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.