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

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

A number of brokerages have commented on CCHGY. Barclays upgraded shares of Coca-Cola HBC to a “strong-buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. raised Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Kepler Capital Markets initiated coverage on shares of Coca-Cola HBC in a research report on Thursday, December 5th. They set a “hold” rating for the company. Sanford C. Bernstein assumed coverage on shares of Coca-Cola HBC in a research note on Tuesday, December 3rd. They set an “outperform” rating on the stock. Finally, Evercore ISI raised Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd.

Coca-Cola HBC Stock Performance

OTCMKTS CCHGY opened at $34.23 on Monday. The company’s fifty day moving average is $35.00 and its two-hundred day moving average is $35.43. Coca-Cola HBC has a 52-week low of $27.39 and a 52-week high of $37.58.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.