Coca-Cola HBC (OTCMKTS:CCHGY) Given Average Rating of “Hold” by Analysts

Coca-Cola HBC (OTCMKTS:CCHGY) has earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company.

CCHGY has been the subject of a number of analyst reports. Wall Street Zen downgraded Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Finally, Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd.

Coca-Cola HBC Price Performance

CCHGY opened at $65.64 on Tuesday. Coca-Cola HBC has a 52-week low of $44.37 and a 52-week high of $68.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. The business’s fifty day moving average is $60.57 and its 200-day moving average is $58.51.

Coca-Cola HBC Company Profile

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.