COCA-COLA HBC (CCHGY) Downgraded by J P Morgan Chase & Co to Neutral

J P Morgan Chase & Co downgraded shares of COCA-COLA HBC (OTCMKTS:CCHGY) from an overweight rating to a neutral rating in a research note published on Monday morning.

Several other equities research analysts have also issued reports on the company. Jefferies Group LLC lowered COCA-COLA HBC from a buy rating to a hold rating in a research report on Wednesday, October 11th. Morgan Stanley raised COCA-COLA HBC from an underweight rating to an equal weight rating in a research report on Friday, September 22nd. Finally, Zacks Investment Research raised COCA-COLA HBC from a hold rating to a strong-buy rating and set a $39.00 target price for the company in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $39.00.

COCA-COLA HBC (OTCMKTS:CCHGY) opened at $34.53 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. COCA-COLA HBC has a 52 week low of $20.20 and a 52 week high of $35.32.

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COCA-COLA HBC Company Profile

Coca Cola HBC AG is a Switzerland-based bottler of Coca-Cola products. The Company’s segments include Established markets, including Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland; Developing markets, including Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, and Emerging markets, including Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, Macedonia, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine.

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