Coca-Cola HBC (OTCMKTS:CCHGY) Stock Rated “Hold” by Wall Street Brokerages

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) have received a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company.

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a research report on Wednesday, September 16th. Zacks Research raised Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Investec lowered Coca-Cola HBC to a “hold” rating in a report on Thursday, September 3rd. Finally, BNP Paribas Exane cut Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th.

Coca-Cola HBC Stock Up 1.0%

Shares of CCHGY opened at $58.19 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Coca-Cola HBC has a 12 month low of $44.37 and a 12 month high of $68.71. The firm’s 50 day moving average is $62.63 and its 200-day moving average is $60.79.

About Coca-Cola HBC

Coca-Cola HBC AG is a consumer packaged goods company and one of The Coca-Cola Company’s strategic bottling partners. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite.

The company also offers a broader portfolio of products, including energy drinks such as Monster, bottled water, juices, ready-to-drink coffee and tea, and alcoholic beverages in selected markets.