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

Coca-Cola HBC (OTCMKTS:CCHGY) has been assigned a consensus rating of “Hold” from the five research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company.

Several research firms have recently commented on CCHGY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a report on Friday. Wall Street Zen cut Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday.

Coca-Cola HBC Trading Down 0.4%

OTCMKTS:CCHGY traded down $0.27 on Tuesday, hitting $67.29. 1,137 shares of the company’s stock were exchanged, 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. The firm has a 50-day moving average price of $59.66 and a 200-day moving average price of $57.99. Coca-Cola HBC has a 52 week low of $44.37 and a 52 week high of $68.71.

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.