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

Coca-Cola HBC (OTCMKTS:CCHGY) has received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of analysts have recently weighed in on the stock. Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Kepler Capital Markets cut Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Finally, Wall Street Zen lowered Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th.

Coca-Cola HBC Stock Performance

Shares of CCHGY opened at $61.62 on Wednesday. The company’s fifty day moving average is $56.63 and its 200 day moving average is $51.37. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 1.14. Coca-Cola HBC has a fifty-two week low of $42.30 and a fifty-two week high of $65.93.

About Coca-Cola HBC

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.