Coca-Cola HBC (OTCMKTS:CCHGY) Given Average Recommendation of "Moderate Buy" by 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 ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company.

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Coca-Cola HBC from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola HBC in a research note on Friday.

Coca-Cola HBC Stock Performance

Shares of CCHGY traded up $0.80 during midday trading on Thursday, hitting $51.68. The stock had a trading volume of 471 shares, compared to its average volume of 8,297. Coca-Cola HBC has a 1 year low of $32.75 and a 1 year high of $55.60. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 0.94. The stock's 50 day moving average is $52.63 and its 200 day moving average is $48.03.

Coca-Cola HBC Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 2nd were issued a dividend of $1.1203 per share. This represents a yield of 207.0%. The ex-dividend date 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.