COCA-COLA HBC A/ADR (OTCMKTS:CCHGY) Downgraded by Zacks Investment Research to Sell
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. “
A number of other research analysts have also commented on CCHGY. Investec upgraded shares of COCA-COLA HBC A/ADR from a hold rating to a buy rating in a research note on Tuesday, March 17th. UBS Group restated a buy rating on shares of COCA-COLA HBC A/ADR in a research report on Thursday, July 9th. Finally, Societe Generale began coverage on COCA-COLA HBC A/ADR in a research note on Monday, June 1st. They set a sell rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $41.00.
About COCA-COLA HBC A/ADR
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, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, 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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