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

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

Several equities research analysts have commented on the company. Morgan Stanley restated an “overweight” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Wall Street Zen downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. Finally, Kepler Capital Markets lowered shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th.

Coca-Cola HBC Price Performance

OTCMKTS:CCHGY opened at $60.24 on Wednesday. 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 $42.30 and a 52-week high of $65.93. The stock has a 50-day simple moving average of $57.17 and a 200 day simple moving average of $51.53.

About Coca-Cola HBC

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.