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

Coca-Cola HBC AG (OTCMKTS:CCHGY) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Three 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.

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Sanford C. Bernstein started coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They issued an “outperform” rating on the stock. Evercore ISI upgraded Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Citigroup raised Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Finally, Kepler Capital Markets initiated coverage on shares of Coca-Cola HBC in a report on Thursday, December 5th. They set a “hold” rating for the company.

Coca-Cola HBC Stock Performance

CCHGY stock opened at $34.65 on Friday. The firm has a fifty day moving average price of $34.54 and a two-hundred day moving average price of $35.40. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02. Coca-Cola HBC has a 1-year low of $27.39 and a 1-year high of $37.58.

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.