Zacks Investment Research downgraded shares of Coca-Cola Hellenic Bottling (OTCMKTS:CCHGY) from a buy rating to a hold rating in a research note published on Friday morning.
According to Zacks, “Coca-Cola HBC AG produces, sells and distributes non-alcoholic ready-to-drink beverages under bottlers’ arrangements, franchise arrangements with third parties and under its own brand names. It operates primarily in Austria, Cyprus, Greece, Italy, Northern Ireland, the Republic of Ireland, Switzerland, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, Slovenia, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, FYROM, Moldova, Montenegro, Nigeria, Romania, the Russian Federation, Serbia and Ukraine. Coca-Cola HBC AG is headquartered in Zug, Switzerland. “
Separately, Deutsche Bank upgraded Coca-Cola Hellenic Bottling from a hold rating to a buy rating in a research report on Thursday, January 18th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Coca-Cola Hellenic Bottling presently has a consensus rating of Hold and a consensus price target of $41.00.
About Coca-Cola Hellenic Bottling
Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, coffee, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Coca-Cola Light, Coca-Cola Zero, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.
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