Coca-Cola HBC (OTCMKTS:CCHGY) Cut to Strong Sell at Kepler Capital Markets

Kepler Capital Markets lowered shares of Coca-Cola HBC (OTCMKTS:CCHGY) from a hold rating to a strong sell rating in a research note released on Friday morning,Zacks.com reports.

Separately, Wall Street Zen cut shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

OTCMKTS:CCHGY opened at $58.06 on Friday. The stock has a fifty day moving average price of $51.93 and a 200 day moving average price of $49.97. The company has a current ratio of 1.14, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. Coca-Cola HBC has a 12-month low of $36.38 and a 12-month high of $58.66.

About Coca-Cola HBC

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.