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

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

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

Coca-Cola HBC Trading Up 0.5 %

Shares of CCHGY stock opened at $35.25 on Thursday. Coca-Cola HBC has a 12-month low of $27.39 and a 12-month high of $37.58. The business’s 50 day moving average is $35.61 and its two-hundred 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.