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

Key Points

• Coca-Cola HBC has received an average recommendation of "Moderate Buy" from eight brokerages, with three hold, three buy, and two strong buy ratings.
• Recent analyst activity includes a downgrade from "strong-buy" to "buy" by Wall Street Zen and a reiterated "buy" rating from Deutsche Bank.
• The company's shares opened at $50.54, with a one-year low of $32.75 and a high of $55.60.

Shares of Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

Several equities research analysts have issued reports on CCHGY shares. Wall Street Zen downgraded shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 17th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola HBC in a report on Friday, August 8th.

Coca-Cola HBC Stock Performance

Shares of OTCMKTS CCHGY traded up $0.02 during trading on Monday, reaching $50.28. The company had a trading volume of 1,758 shares, compared to its average volume of 8,065. The stock has a 50-day moving average price of $52.43 and a two-hundred day moving average price of $49.79. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.95 and a current ratio of 1.17. Coca-Cola HBC has a twelve month low of $32.75 and a twelve month high of $55.60.

About Coca-Cola HBC

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.