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

Coca-Cola HBC (OTCMKTS:CCHGY) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company.

CCHGY has been the subject of several research reports. Berenberg Bank raised shares of Coca-Cola HBC to a “strong-buy” rating in a report on Wednesday, April 2nd. Wall Street Zen lowered shares of Coca-Cola HBC from a “strong-buy” rating to a “buy” rating in a report on Monday, June 9th.

Coca-Cola HBC Price Performance

OTCMKTS CCHGY opened at $51.66 on Wednesday. Coca-Cola HBC has a one year low of $32.75 and a one year high of $55.60. The company has a 50-day simple moving average of $51.85 and a 200-day simple moving average of $43.41. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.94.

Coca-Cola HBC Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 2nd will be paid a dividend of $1.1203 per share. This represents a yield of 2.07%. This is a positive change from Coca-Cola HBC’s previous dividend of $0.60. The ex-dividend date of this dividend is Friday, May 30th.

Coca-Cola HBC Company Profile

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.