Coca-Cola HBC AG (OTCMKTS:CCHGY) Given Average Recommendation of “Moderate Buy” by Analysts

Coca-Cola HBC AG (OTCMKTS:CCHGY) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

A number of research firms have recently commented on CCHGY. JPMorgan Chase & Co. upgraded Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Citigroup raised shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Evercore ISI raised shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein initiated coverage on shares of Coca-Cola HBC in a report on Tuesday, December 3rd. They set an “outperform” rating on the stock. Finally, Kepler Capital Markets started coverage on Coca-Cola HBC in a report on Thursday, December 5th. They issued a “hold” rating for the company.

Coca-Cola HBC Stock Down 0.5 %

Shares of OTCMKTS CCHGY opened at $34.65 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 0.91. The firm has a fifty day moving average of $34.54 and a 200-day moving average of $35.40. Coca-Cola HBC has a 52-week low of $27.39 and a 52-week high of $37.58.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.