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

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

Several research firms recently commented on CCHGY. Wall Street Zen downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Kepler Capital Markets downgraded shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research note on Friday.

Coca-Cola HBC Trading Up 1.1%

CCHGY stock opened at $58.68 on Friday. Coca-Cola HBC has a twelve month low of $36.38 and a twelve month high of $58.68. The business’s fifty day simple moving average is $52.10 and its two-hundred day simple moving average is $50.01. The company has a current ratio of 1.14, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89.

Coca-Cola HBC Company Profile

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.