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

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

Several research analysts have recently issued reports on the company. Wall Street Zen cut Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Morgan Stanley reiterated an “overweight” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Finally, Kepler Capital Markets lowered shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th.

Coca-Cola HBC Stock Performance

Shares of CCHGY stock opened at $61.34 on Wednesday. The business has a fifty day moving average of $57.55 and a 200 day moving average of $51.64. Coca-Cola HBC has a 1 year low of $42.30 and a 1 year high of $65.93. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 1.14.

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.