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

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

Several analysts recently issued reports on the company. Citigroup raised Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Evercore ISI upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Barclays raised shares of Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein started coverage on shares of Coca-Cola HBC in a report on Tuesday. They set an “outperform” rating for the company. Finally, Kepler Capital Markets assumed coverage on Coca-Cola HBC in a report on Thursday. They set a “hold” rating on the stock.

Coca-Cola HBC Trading Up 1.0 %

OTCMKTS:CCHGY traded up $0.34 during midday trading on Thursday, reaching $36.08. 1,323 shares of the stock traded hands, compared to its average volume of 2,129. Coca-Cola HBC has a 12 month low of $27.39 and a 12 month high of $37.58. The company has a fifty day moving average of $35.65 and a 200 day moving average of $35.46.

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.