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

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

Shares of Coca Cola HBC AG – (OTCMKTS:CCHGY) opened at 22.95 on Tuesday. Coca Cola HBC AG – has a 12-month low of $17.83 and a 12-month high of $24.82. The company has a 50 day moving average of $21.65 and a 200-day moving average of $20.46. The firm has a market cap of $8.37 billion and a price-to-earnings ratio of 25.19.

About Coca Cola HBC AG –

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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