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

Coca-Cola HBC (OTCMKTS:CCHGY) has received an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company.

A number of research firms recently commented on CCHGY. Investec lowered shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. Deutsche Bank reissued a “buy” rating on shares of Coca-Cola HBC in a report on Wednesday, September 16th. BNP Paribas Exane downgraded shares of Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Finally, Zacks Research raised Coca-Cola HBC to a “hold” rating in a research note on Tuesday, September 8th.

Coca-Cola HBC Stock Up 0.6%

CCHGY opened at $56.03 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.18 and a current ratio of 1.37. The business has a fifty day simple moving average of $59.18 and a 200 day simple moving average of $60.48. Coca-Cola HBC has a 1 year low of $46.43 and a 1 year high of $68.71.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG is a beverage bottler and distributor and a strategic bottling partner of The Coca-Cola Company. The company produces, packages, markets and sells Coca-Cola beverages and other drinks in markets across Europe and Africa. Its portfolio includes sparkling soft drinks such as Coca-Cola, Fanta and Sprite, as well as water, juices, ready-to-drink tea and coffee, and energy drinks. Product offerings vary by market and include both international brands and local beverages. The company traces its roots to Hellenic Bottling Company, established in Greece in 1969.