Coca-Cola HBC (OTCMKTS:CCHGY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

A number of research analysts have issued reports on CCHGY shares. Kepler Capital Markets cut shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a report on Friday. Wall Street Zen cut Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th.

Coca-Cola HBC Stock Performance

Shares of CCHGY opened at $58.06 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. Coca-Cola HBC has a 52-week low of $36.38 and a 52-week high of $58.66. The company has a 50-day simple moving average of $51.93 and a 200-day simple moving average of $50.03.

Coca-Cola HBC Company Profile

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.