Jefferies Group initiated coverage on shares of Coca Cola HBC AG – (OTCMKTS:CCHGY) in a research note published on Tuesday morning, The Fly reports. The firm issued a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of Coca Cola HBC AG – from a neutral rating to an overweight rating in a report on Tuesday, July 19th. Citigroup Inc. upgraded shares of Coca Cola HBC AG – from a neutral rating to a buy rating in a report on Friday, May 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy.

Shares of Coca Cola HBC AG – (OTCMKTS:CCHGY) opened at 22.95 on Tuesday. The firm’s 50-day moving average is $21.65 and its 200 day moving average is $20.46. The firm has a market capitalization of $8.37 billion and a P/E ratio of 25.19. Coca Cola HBC AG – has a 12 month low of $17.83 and a 12 month high of $24.82.

Coca Cola HBC AG – Company Profile

Coca-Cola HBC AG and its subsidiaries are principally engaged in the production, sales and distribution of non-alcoholic ready to drink beverages, under franchise from The Coca-Cola Company. The Company’s segments include Established markets, including Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland; Developing markets, including Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, and Emerging markets, including Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, FYROM, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine.

The Fly

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