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

Shares of Coca-Cola HBC AG (OTCMKTS:CCHGY) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company.

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

Coca-Cola HBC Stock Down 0.6 %

Shares of OTCMKTS CCHGY opened at $35.85 on Thursday. Coca-Cola HBC has a 1 year low of $27.39 and a 1 year high of $37.58. The firm’s 50-day moving average is $35.64 and its 200-day moving average is $35.47.

About Coca-Cola HBC

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.