Coca-Cola HBC (OTCMKTS:CCHGY) Receives Average Rating of "Moderate Buy" from Brokerages

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company.

Several equities research analysts have recently weighed in on CCHGY shares. Wall Street Zen lowered Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 9th. Berenberg Bank raised Coca-Cola HBC to a "strong-buy" rating in a research note on Wednesday, April 2nd.

Coca-Cola HBC Price Performance

CCHGY opened at $51.86 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.17 and a quick ratio of 0.95. The business has a fifty day simple moving average of $51.50 and a 200-day simple moving average of $43.12. Coca-Cola HBC has a fifty-two week low of $32.75 and a fifty-two week high of $55.60.

Coca-Cola HBC Increases Dividend

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

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.

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