Coca-Cola HBC (OTCMKTS:CCHGY) Stock Rating Upgraded by Wall Street Zen

Key Points

• Coca-Cola HBC has been upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating, indicating improved investor confidence.
• Deutsche Bank also reaffirmed a "buy" rating, contributing to a consensus rating of "Buy" from various analysts on the stock.
• The stock is currently priced at $52.25, with a 52-week high of $55.60 and a low of $32.75, reflecting significant price variability over the year.

Wall Street Zen upgraded shares of Coca-Cola HBC (OTCMKTS:CCHGY - Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday.

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola HBC in a research report on Friday, July 4th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola HBC presently has a consensus rating of "Buy".

Coca-Cola HBC Stock Performance

Coca-Cola HBC stock traded down $3.74 on Friday, hitting $48.66. The company's stock had a trading volume of 6,473 shares, compared to its average volume of 8,376. Coca-Cola HBC has a one year low of $32.75 and a one 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 company has a fifty day moving average price of $52.84 and a 200-day moving average price of $47.60.

Coca-Cola HBC Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 2nd were given a dividend of $1.1203 per share. This is an increase from Coca-Cola HBC's previous dividend of $0.60. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 207.0%.

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.