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

Shares of Coca-Cola HBC AG (OTCMKTS:CCHGY) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company.

Several analysts have commented on the company. Berenberg Bank raised Coca-Cola HBC to a “strong-buy” rating in a report on Wednesday. Kepler Capital Markets began coverage on shares of Coca-Cola HBC in a research report on Thursday, December 5th. They set a “hold” rating for the company.

Coca-Cola HBC Stock Up 3.4 %

OTCMKTS:CCHGY opened at $47.47 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14. Coca-Cola HBC has a 52 week low of $29.42 and a 52 week high of $47.65. The stock’s 50-day moving average price is $41.49 and its 200-day moving average price is $37.36.

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.