Coca-Cola HBC (OTCMKTS:CCHGY) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Coca-Cola HBC (OTCMKTS:CCHGY) from a "buy" to a "hold"; other recent analyst moves include Kepler cutting to "strong sell" and Morgan Stanley maintaining "overweight," leaving a MarketBeat consensus of Hold (2 Buy, 2 Hold, 1 Sell).
• Shares opened at $56.53, with a 50‑day moving average of $59.65 and a 200‑day moving average of $52.52, and a one‑year trading range of $42.30 to $65.93.
• Coca‑Cola HBC is a major bottling partner for The Coca‑Cola Company, responsible for manufacturing, packaging, distribution and marketing of a broad portfolio of nonalcoholic beverages.

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

A number of other analysts have also weighed in on CCHGY. Kepler Capital Markets lowered shares of Coca-Cola HBC from a "hold" rating to a "strong sell" rating in a research note on Friday, February 6th. Citigroup reiterated a "neutral" rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

Coca-Cola HBC Stock Performance

CCHGY opened at $56.53 on Friday. The stock has a 50-day moving average price of $59.65 and a 200-day moving average price of $52.52. Coca-Cola HBC has a 1 year low of $42.30 and a 1 year high of $65.93. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

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.

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