Coca-Cola HBC (OTCMKTS:CCHGY) Rating Lowered to Strong Sell at Kepler Capital Markets

Coca-Cola HBC (OTCMKTS:CCHGY) was downgraded by equities researchers at Kepler Capital Markets from a “hold” rating to a “strong sell” rating in a note issued to investors on Friday,Zacks.com reports.

Separately, Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

Coca-Cola HBC stock opened at $58.06 on Friday. Coca-Cola HBC has a fifty-two week low of $36.38 and a fifty-two week high of $58.66. The stock’s 50 day simple moving average is $51.93 and its two-hundred day simple moving average is $50.00. The company has a quick ratio of 0.92, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

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.