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

Zacks Investment Research upgraded shares of COCA-COLA HBC A/ADR (OTCMKTS:CCHGY) from a strong sell rating to a hold rating in a report published on Tuesday.

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. “

Separately, Jefferies Financial Group raised shares of COCA-COLA HBC A/ADR from a hold rating to a buy rating in a report on Wednesday, July 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. COCA-COLA HBC A/ADR currently has an average rating of Buy and an average price target of $43.00.

Shares of CCHGY stock opened at $30.79 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.48. COCA-COLA HBC A/ADR has a 12-month low of $29.97 and a 12-month high of $38.14.

About COCA-COLA HBC A/ADR

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, coffee, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Coca-Cola Light, Coca-Cola Zero, 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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