COCA-COLA HBC (CCHGY) Downgraded by Jefferies Group LLC to Hold

COCA-COLA HBC (OTCMKTS:CCHGY) was downgraded by equities research analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Separately, Morgan Stanley upgraded shares of COCA-COLA HBC from an “underweight” rating to an “equal weight” rating in a research note on Friday, September 22nd.

COCA-COLA HBC (CCHGY) opened at 33.82 on Wednesday. COCA-COLA HBC has a 12-month low of $20.20 and a 12-month high of $35.32. The company’s 50 day moving average price is $34.12 and its 200-day moving average price is $30.21. The stock has a market cap of $12.31 billion and a price-to-earnings ratio of 26.14.

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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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