Coca-Cola HBC (OTCMKTS:CCHGY) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Coca-Cola HBC (OTCMKTS:CCHGY – Get Rating) from a strong sell rating to a hold rating in a report published on Monday, Zacks.com reports.

According to Zacks, “Coca-Cola HBC AG produces, sells and distributes non-alcoholic ready-to-drink beverages under bottlers’ arrangements, franchise arrangements with third parties and under its own brand names. It operates primarily in Austria, Cyprus, Greece, Italy, Northern Ireland, the Republic of Ireland, Switzerland, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, Slovenia, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, FYROM, Moldova, Montenegro, Nigeria, Romania, the Russian Federation, Serbia and Ukraine. Coca-Cola HBC AG is headquartered in Zug, Switzerland. “

Several other analysts have also commented on the stock. Jefferies Financial Group raised shares of Coca-Cola HBC from a hold rating to a buy rating in a research report on Friday. Societe Generale raised shares of Coca-Cola HBC from a sell rating to a hold rating in a research report on Wednesday, February 23rd. JPMorgan Chase & Co. lowered shares of Coca-Cola HBC from an overweight rating to a neutral rating and lowered their price target for the company from GBX 2,500 ($30.82) to GBX 1,900 ($23.42) in a research report on Monday, March 14th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Coca-Cola HBC from GBX 2,900 ($35.75) to GBX 2,800 ($34.52) in a research report on Wednesday, April 20th. Finally, Barclays boosted their price objective on shares of Coca-Cola HBC from GBX 1,800 ($22.19) to GBX 1,900 ($23.42) in a research note on Wednesday, April 27th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus price target of $1,335.23.

Coca-Cola HBC stock opened at $21.98 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.05 and a current ratio of 1.25. Coca-Cola HBC has a fifty-two week low of $18.89 and a fifty-two week high of $39.23. The firm’s 50-day simple moving average is $20.86 and its 200 day simple moving average is $28.59.

About Coca-Cola HBC (Get Rating)

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks.

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