Coca-Cola HBC (OTCMKTS:CCHGY) Rating Lowered to Buy at Wall Street Zen

Key Points

• Coca-Cola HBC was downgraded from a "strong-buy" to a "buy" rating by analysts at Wall Street Zen.
• Despite the downgrade, Deutsche Bank reiterated its "buy" rating, contributing to a consensus of a "Moderate Buy" on the stock.
• The current share price of Coca-Cola HBC stands at $52.67 with a 1-year trading range between $32.75 and $55.60.

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Sunday.

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola HBC in a research note on Friday, August 8th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Coca-Cola HBC Stock Performance

Shares of Coca-Cola HBC stock traded down $0.01 on Friday, reaching $52.67. 2,591 shares of the company were exchanged, compared to its average volume of 3,455. The company's 50-day moving average is $52.61 and its two-hundred day moving average is $48.54. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.94. Coca-Cola HBC has a 1-year low of $32.75 and a 1-year high of $55.60.

About Coca-Cola HBC

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.

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