Coca-Cola HBC (OTCMKTS:CCHGY) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Coca-Cola HBC (OTCMKTS:CCHGY) from a hold rating to a sell rating in a research report released on Wednesday morning, 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. “

Other equities research analysts have also recently issued research reports about the stock. Credit Suisse Group restated an outperform rating on shares of Coca-Cola HBC in a report on Wednesday. Exane BNP Paribas cut shares of Coca-Cola HBC from an outperform rating to a neutral rating in a report on Tuesday, September 28th. JPMorgan Chase & Co. restated a neutral rating on shares of Coca-Cola HBC in a report on Wednesday. Bank of America cut shares of Coca-Cola HBC from a buy rating to a neutral rating in a report on Thursday, September 9th. Finally, Morgan Stanley reiterated an overweight rating on shares of Coca-Cola HBC in a report on Monday, August 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $38.07.

Shares of CCHGY opened at $34.40 on Wednesday. The stock has a market cap of $12.57 billion, a PE ratio of 25.48 and a beta of 1.29. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.97 and a current ratio of 1.16. Coca-Cola HBC has a fifty-two week low of $22.54 and a fifty-two week high of $39.23. The firm’s 50-day simple moving average is $35.21 and its two-hundred day simple moving average is $35.53.

About Coca-Cola HBC

Coca-Cola HBC AG engages in the production, sale and distribution of non-alcoholic and ready-to-drink beverages. It operates through the following segments: Established Markets, Developing Markets, Emerging Markets. The Established Markets segment consists of Austria, Cyprus, Greece, Italy, Northern Ireland, the Republic of Ireland, and Switzerland.

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Analyst Recommendations for Coca-Cola HBC (OTCMKTS:CCHGY)

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