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

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company.

CCHGY has been the subject of several research reports. Wall Street Zen cut shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Berenberg Bank upgraded Coca-Cola HBC to a "strong-buy" rating in a research report on Wednesday, April 2nd.

Coca-Cola HBC Trading Up 1.7%

Shares of Coca-Cola HBC stock traded up $0.94 during trading hours on Friday, reaching $55.49. 4,121 shares of the company's stock were exchanged, compared to its average volume of 11,019. The business has a fifty day moving average of $49.09 and a two-hundred day moving average of $41.29. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 0.91. Coca-Cola HBC has a 1 year low of $32.75 and a 1 year high of $55.60.

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. The ex-dividend date is Friday, May 30th. This is an increase from Coca-Cola HBC's previous dividend of $0.60. This represents a yield of 2.07%.

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.