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

Key Points

• Analysts assign Coca‑Cola HBC an average recommendation of "Moderate Buy" based on six firms' ratings: 1 sell, 2 hold, 2 buy and 1 strong buy.
• Shares opened at $56.06 and were trading down 1.8%, with a 12‑month range of $42.30–$65.93 and moving averages of $59.26 (50‑day) and $52.32 (200‑day); the company reports a debt‑to‑equity of 0.79, current ratio of 1.19 and quick ratio of 0.99.

Shares of Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

A number of brokerages have issued reports on CCHGY. Morgan Stanley reissued an "overweight" rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Kepler Capital Markets cut Coca-Cola HBC from a "hold" rating to a "strong sell" rating in a report on Friday, February 6th. Citigroup reiterated a "neutral" rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Finally, Wall Street Zen downgraded Coca-Cola HBC from a "buy" rating to a "hold" rating in a research note on Wednesday, January 7th.

Coca-Cola HBC Trading Down 1.8%

OTCMKTS:CCHGY opened at $56.06 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. Coca-Cola HBC has a 12-month low of $42.30 and a 12-month high of $65.93. The firm has a 50-day moving average price of $59.26 and a 200 day moving average price of $52.32.

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.

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