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

Shares of Coca-Cola HBC AG (OTCMKTS:CCHGY) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat.com reports. Three 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.

CCHGY has been the subject of several research analyst reports. Evercore ISI raised Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Kepler Capital Markets started coverage on Coca-Cola HBC in a report on Thursday, December 5th. They issued a “hold” rating on the stock. Citigroup raised Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein began coverage on shares of Coca-Cola HBC in a research note on Tuesday, December 3rd. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th.

Coca-Cola HBC Stock Performance

Shares of CCHGY opened at $34.36 on Monday. Coca-Cola HBC has a twelve month low of $27.39 and a twelve month high of $37.58. The firm’s 50-day moving average is $35.18 and its two-hundred day moving average is $35.44.

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.