Coca-Cola HBC (OTCMKTS:CCHGY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Coca-Cola HBC (OTCMKTS:CCHGY) to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

CCHGY has been the subject of a number of other reports. Kepler Capital Markets began coverage on Coca-Cola HBC in a research note on Thursday, December 5th. They set a “hold” rating for the company. Sanford C. Bernstein started coverage on Coca-Cola HBC in a research report on Tuesday, December 3rd. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola HBC currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Stock Performance

CCHGY opened at $45.10 on Wednesday. The company has a fifty day moving average price of $41.69 and a two-hundred day moving average price of $37.42. Coca-Cola HBC has a 52 week low of $29.42 and a 52 week high of $47.65. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

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.