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

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

CCHGY has been the subject of a number of research analyst reports. Kepler Capital Markets cut Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Wall Street Zen lowered shares of 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. Finally, Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a report on Wednesday.

Coca-Cola HBC Price Performance

Shares of Coca-Cola HBC stock opened at $64.68 on Friday. The stock has a 50 day moving average of $53.23 and a 200 day moving average of $50.34. The company has a current ratio of 1.14, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. Coca-Cola HBC has a fifty-two week low of $40.05 and a fifty-two week high of $64.68.

Coca-Cola HBC Company Profile

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.