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

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

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

Coca-Cola HBC Stock Down 0.8 %

Coca-Cola HBC stock opened at $34.23 on Monday. The company has a fifty day simple moving average of $35.00 and a 200 day simple moving average of $35.43. Coca-Cola HBC has a 1-year low of $27.39 and a 1-year 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.