Zacks Upgrades Coca-Cola HBC to Outperform (CCH)
Coca-Cola HBC (NYSE:CCH) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Monday, AnalystRatingsNetwork.com reports. The firm currently has a $30.30 price target on the stock. Zacks‘ target price would indicate a potential upside of 16.63% from the company’s current price.
Coca-Cola HBC (NYSE:CCH) traded down 2.04% on Monday, hitting $25.98. 12,407 shares of the company’s stock traded hands. Coca-Cola HBC has a one year low of $22.11 and a one year high of $31.82. The stock has a 50-day moving average of $27.81 and a 200-day moving average of $28.28. The company has a market cap of $10.912 billion and a P/E ratio of 33.57.
Coca-Cola HBC (NYSE:CCH) last announced its earnings results on Friday, February 14th. The company reported $0.12 earnings per share for the quarter. On average, analysts predict that Coca-Cola HBC will post $1.08 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale initiated coverage on shares of Coca-Cola HBC in a research note on Friday, January 31st. They set a “buy” rating on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Coca-Cola HBC in a research note on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $1,189.99.
Coca-Cola Hellenic Bottling Company SA (NYSE:CCH) is engaged in the production and distribution of non-alcoholic beverages, under franchise from The Coca-Cola Company (TCCC).
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