Coca-Cola HBC (OTCMKTS:CCHGY) Cut to “Hold” at Wall Street Zen

Coca-Cola HBC (OTCMKTS:CCHGY) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Separately, Morgan Stanley started coverage on shares of Coca-Cola HBC in a research note on Thursday, October 2nd. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Coca-Cola HBC Price Performance

Shares of OTCMKTS CCHGY opened at $49.94 on Wednesday. Coca-Cola HBC has a twelve month low of $32.89 and a twelve month high of $55.60. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 0.92. The firm has a 50-day moving average of $49.04 and a two-hundred day moving average of $49.85.

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.