Coca-Cola HBC (OTCMKTS:CCHGY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Coca-Cola HBC (OTCMKTS:CCHGY) has earned an average rating of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company.

Several brokerages recently weighed in on CCHGY. Kepler Capital Markets downgraded Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a report on Friday. Wall Street Zen cut shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th.

Coca-Cola HBC Trading Up 1.0%

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 fifty-two week low of $36.38 and a fifty-two week high of $58.66. The firm 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.