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

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

CCHGY has been the subject of several analyst reports. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Wall Street Zen cut shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. Kepler Capital Markets downgraded shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th.

Coca-Cola HBC Stock Performance

Shares of Coca-Cola HBC stock opened at $56.73 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. The firm has a 50-day moving average of $59.41 and a 200-day moving average of $52.41. Coca-Cola HBC has a 52-week low of $42.30 and a 52-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.