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

Shares of Coca-Cola HBC AG (OTCMKTS:CCHGY) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

CCHGY has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Kepler Capital Markets initiated coverage on shares of Coca-Cola HBC in a research report on Thursday, December 5th. They set a “hold” rating on the stock. Finally, 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.

Coca-Cola HBC Price Performance

OTCMKTS CCHGY opened at $42.11 on Tuesday. Coca-Cola HBC has a twelve month low of $29.42 and a twelve month high of $42.14. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02. The firm’s 50 day moving average price is $35.60 and its two-hundred day moving average price is $35.75.

About Coca-Cola HBC

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.