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

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company.

Several equities research analysts recently issued reports on CCHGY shares. Berenberg Bank raised shares of Coca-Cola HBC to a “strong-buy” rating in a research note on Wednesday, April 2nd. Wall Street Zen downgraded shares of Coca-Cola HBC from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 9th.

Coca-Cola HBC Trading Down 1.4%

Coca-Cola HBC stock opened at $51.66 on Wednesday. Coca-Cola HBC has a 12-month low of $32.75 and a 12-month high of $55.60. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.94. The firm’s fifty day moving average price is $51.85 and its 200 day moving average price is $43.41.

Coca-Cola HBC Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 2nd will be given a $1.1203 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 2.07%. This is an increase from Coca-Cola HBC’s previous dividend of $0.60.

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.