COCA-COLA HBC A/ADR (OTCMKTS:CCHGY) Lowered to “Hold” at Zacks Investment Research

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Zacks Investment Research cut shares of COCA-COLA HBC A/ADR (OTCMKTS:CCHGY) from a buy rating to a hold rating in a report released 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. “

A number of other analysts have also recently commented on the stock. Societe Generale upgraded shares of COCA-COLA HBC A/ADR from a sell rating to a hold rating in a research report on Thursday, August 6th. Credit Suisse Group restated an outperform rating on shares of COCA-COLA HBC A/ADR in a research report on Thursday, August 6th. UBS Group reiterated a buy rating on shares of COCA-COLA HBC A/ADR in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of COCA-COLA HBC A/ADR in a report on Friday, August 7th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $31.00.

CCHGY opened at $27.20 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.15 and a debt-to-equity ratio of 0.95. COCA-COLA HBC A/ADR has a 12 month low of $17.25 and a 12 month high of $37.50. The company has a fifty day simple moving average of $26.54 and a 200 day simple moving average of $26.78. The stock has a market cap of $10.22 billion, a P/E ratio of 17.00 and a beta of 1.12.

COCA-COLA HBC A/ADR Company Profile

Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.

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