COCA-COLA HBC (CCHGY) Rating Lowered to Neutral at J P Morgan Chase & Co
COCA-COLA HBC (OTCMKTS:CCHGY) was downgraded by J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research note issued to investors on Monday.
Other research analysts also recently issued reports about the stock. Morgan Stanley raised shares of COCA-COLA HBC from an “underweight” rating to an “equal weight” rating in a research note on Sunday, September 24th. Jefferies Group LLC downgraded shares of COCA-COLA HBC from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research raised shares of COCA-COLA HBC from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.00.
COCA-COLA HBC (OTCMKTS CCHGY) opened at $32.62 on Monday. COCA-COLA HBC has a one year low of $20.20 and a one year high of $35.32. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.52.
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COCA-COLA HBC Company Profile
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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