Jefferies Group LLC Downgrades Coca Cola HBC AG – (CCHGY) to Hold
Coca Cola HBC AG – (OTC:CCHGY) was downgraded by equities research analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, StockTargetPrices.com reports.
Shares of Coca Cola HBC AG – (OTC:CCHGY) remained flat at $33.82 during midday trading on Wednesday. 59 shares of the company were exchanged. The stock has a 50-day moving average of $34.12 and a 200-day moving average of $30.21. Coca Cola HBC AG – has a 52-week low of $20.20 and a 52-week high of $35.32. The stock has a market capitalization of $12.35 billion and a price-to-earnings ratio of 26.14.
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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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