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

Coca-Cola HBC (OTCMKTS:CCHGY) has earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company.

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Coca-Cola HBC from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a research note on Friday, August 8th. Morgan Stanley assumed coverage on Coca-Cola HBC in a research note on Thursday, October 2nd. They set an “overweight” rating for the company. Finally, Zacks Research lowered Coca-Cola HBC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd.

Coca-Cola HBC Trading Down 0.2%

OTCMKTS:CCHGY opened at $46.28 on Tuesday. Coca-Cola HBC has a twelve month low of $32.75 and a twelve month high of $55.60. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 1.14. The company has a 50-day moving average of $48.74 and a 200-day moving average of $50.70.

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.