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

Coca-Cola HBC (OTCMKTS:CCHGY) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

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

Coca-Cola HBC Trading Up 2.4%

Coca-Cola HBC stock opened at $63.34 on Friday. Coca-Cola HBC has a fifty-two week low of $36.51 and a fifty-two week high of $63.47. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 1.14. The firm’s fifty day moving average price is $52.62 and its 200-day moving average price is $50.16.

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.