Coca Cola HBC AG – (CCHGY) Given Average Recommendation of “Hold” by Brokerages

Coca Cola HBC AG – (OTCMKTS:CCHGY) has earned an average recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

A number of analysts have issued reports on CCHGY shares. Morgan Stanley upgraded shares of Coca Cola HBC from an “underweight” rating to an “equal weight” rating in a research note on Sunday, September 24th. Jefferies Group lowered shares of Coca Cola HBC from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded shares of Coca Cola HBC from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Thursday, October 12th. JPMorgan Chase & Co. lowered shares of Coca Cola HBC from an “overweight” rating to a “neutral” rating in a research note on Monday, November 13th. Finally, Deutsche Bank upgraded shares of Coca Cola HBC from a “hold” rating to a “buy” rating in a research note on Thursday.

Shares of Coca Cola HBC (CCHGY) traded up $0.19 on Thursday, reaching $33.88. 610 shares of the company traded hands, compared to its average volume of 3,051. Coca Cola HBC has a 12-month low of $22.11 and a 12-month high of $35.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.82 and a current ratio of 1.06.

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About Coca Cola HBC

Coca Cola HBC AG is a Switzerland-based bottler of Coca-Cola products. The Company’s segments include Established markets, including Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland; Developing markets, including Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, and Emerging markets, including Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, Macedonia, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine.

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