COCA-COLA HBC (OTCMKTS:CCHGY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday. The brokerage currently has a $39.00 target price on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.08% from the stock’s current price.

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. “

Several other analysts also recently weighed in on the company. Jefferies Group LLC downgraded COCA-COLA HBC from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley upgraded COCA-COLA HBC from an “underweight” rating to an “equal weight” rating in a research report on Friday, September 22nd.

COCA-COLA HBC (OTCMKTS CCHGY) traded up 1.98% on Thursday, reaching $34.49. 172 shares of the company’s stock traded hands. The firm’s 50-day moving average is $34.13 and its 200 day moving average is $30.23. The firm has a market cap of $12.55 billion and a PE ratio of 26.65. COCA-COLA HBC has a 12 month low of $20.20 and a 12 month high of $35.32.

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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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