Coca Cola HBC (CCHGY) Raised to “Buy” at Deutsche Bank

Coca Cola HBC (OTCMKTS:CCHGY) was upgraded by stock analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Thursday, Marketbeat reports.

CCHGY has been the subject of several other research reports. JPMorgan Chase & Co. downgraded shares of Coca Cola HBC from an “overweight” rating to a “neutral” rating in a research report on Monday, November 13th. Zacks Investment Research upgraded shares of Coca Cola HBC from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a research report on Thursday, October 12th. Morgan Stanley upgraded shares of Coca Cola HBC from an “underweight” rating to an “equal weight” rating in a research report on Friday, September 22nd. Finally, Jefferies Group downgraded shares of Coca Cola HBC from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Coca Cola HBC currently has an average rating of “Hold” and a consensus price target of $39.00.

Coca Cola HBC (OTCMKTS:CCHGY) traded up $0.19 during mid-day trading on Thursday, reaching $33.88. 610 shares of the company traded hands, compared to its average volume of 3,051. Coca Cola HBC has a fifty-two week low of $22.11 and a fifty-two week high of $35.32. The company has a quick ratio of 0.82, a current ratio of 1.06 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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