Coca Cola HBC AG – (OTCMKTS:CCHGY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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, Goldman Sachs Group Inc raised shares of Coca Cola HBC AG – from a “neutral” rating to a “buy” rating in a research report on Thursday, January 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Coca Cola HBC AG – currently has a consensus rating of “Buy” and an average target price of $28.00.

Analyst Recommendations for Coca Cola HBC AG - (OTCMKTS:CCHGY)

Shares of Coca Cola HBC AG – (OTCMKTS:CCHGY) opened at 26.99 on Wednesday. The firm has a 50-day moving average of $25.01 and a 200 day moving average of $22.70. Coca Cola HBC AG – has a 52-week low of $17.83 and a 52-week high of $26.99. The firm has a market capitalization of $9.80 billion and a price-to-earnings ratio of 26.83.

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About Coca Cola HBC AG –

Coca Cola HBC AG is a Switzerland-based bottler of Coca-Cola products. The Company’s segments include Established markets, including Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland; Developing markets, including Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, and Emerging markets, including Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, Macedonia, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine.

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