Coca Cola HBC (CCHGY) Upgraded to Buy by Deutsche Bank

Deutsche Bank upgraded shares of Coca Cola HBC (OTCMKTS:CCHGY) from a hold rating to a buy rating in a research report sent to investors on Thursday, January 18th, Marketbeat.com reports.

A number of other research analysts have also recently commented on the company. Morgan Stanley upgraded Coca Cola HBC from an underweight rating to an equal weight rating in a research note on Sunday, September 24th. Jefferies Group cut Coca Cola HBC from a buy rating to a hold rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded Coca Cola HBC from a sell rating to a hold rating in a research note on Tuesday, January 9th. Finally, JPMorgan Chase & Co. cut Coca Cola HBC from an overweight rating to a neutral rating in a research note on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $39.00.

Coca Cola HBC (OTCMKTS CCHGY) traded down $0.37 during midday trading on Thursday, reaching $30.95. The company’s stock had a trading volume of 3,714 shares, compared to its average volume of 3,120. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 0.82. Coca Cola HBC has a 12-month low of $22.55 and a 12-month high of $35.32.

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About Coca Cola HBC

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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