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

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

CCHGY has been the subject of several analyst reports. Kepler Capital Markets initiated coverage on shares of Coca-Cola HBC in a research note on Thursday, December 5th. They issued a “hold” rating for the company. Sanford C. Bernstein started coverage on shares of Coca-Cola HBC in a research note on Tuesday, December 3rd. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th.

Coca-Cola HBC Stock Performance

CCHGY stock opened at $42.11 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. Coca-Cola HBC has a 1 year low of $29.42 and a 1 year high of $42.14. The company has a fifty day simple moving average of $35.60 and a 200 day simple moving average of $35.75.

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.