Coca-Cola HBC (OTCMKTS:CCHGY) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of Coca-Cola HBC (OTCMKTS:CCHGY - Free Report) from a strong-buy rating to a buy rating in a research note published on Monday morning.

Separately, Berenberg Bank upgraded shares of Coca-Cola HBC to a "strong-buy" rating in a research note on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Coca-Cola HBC Trading Up 2.5%

OTCMKTS CCHGY traded up $1.30 during trading on Monday, hitting $54.21. The company had a trading volume of 1,739 shares, compared to its average volume of 10,156. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. Coca-Cola HBC has a one year low of $32.75 and a one year high of $55.60. The company's fifty day moving average is $50.98 and its 200-day moving average is $42.71.

Coca-Cola HBC Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 2nd will be given a dividend of $1.1203 per share. This represents a yield of 2.07%. This is an increase 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.