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

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

CCHGY has been the topic of a number of research reports. Wall Street Zen cut shares of Coca-Cola HBC from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 24th. Berenberg Bank raised shares of Coca-Cola HBC to a “strong-buy” rating in a research note on Wednesday, April 2nd.

Coca-Cola HBC Price Performance

Shares of CCHGY opened at $54.50 on Friday. Coca-Cola HBC has a one year low of $32.75 and a one year high of $55.60. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14. The firm has a 50 day simple moving average of $49.28 and a two-hundred day simple moving average of $41.38.

Coca-Cola HBC Increases Dividend

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

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.