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

Key Points

• Coca-Cola HBC has received a consensus recommendation of "Moderate Buy" from analysts, with three analysts rating it as a hold, three as buy, and two as strong buy.
• The company recently declared a dividend of $1.1203, which is a significant increase from its previous dividend of $0.60, resulting in a yield of 207.0%.
• CCHGY's stock has fluctuated between a 1-year low of $32.75 and a 1-year high of $55.60, with its average price currently around $48.66.

Shares of Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company.

CCHGY has been the subject of a number of recent research reports. Wall Street Zen upgraded Coca-Cola HBC from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola HBC in a report on Friday, July 4th.

Coca-Cola HBC Stock Performance

CCHGY stock opened at $48.66 on Thursday. The stock's 50 day moving average price is $52.72 and its 200 day moving average price is $47.61. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.94. 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 firm also recently declared a dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 2nd were paid a $1.1203 dividend. This represents a yield of 207.0%. The ex-dividend date of this dividend was Friday, May 30th. 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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