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

Shares of Coca-Cola HBC AG (OTCMKTS:CCHGY) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities research analysts recently issued reports on CCHGY shares. JPMorgan Chase & Co. upgraded shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Citigroup upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Kepler Capital Markets began coverage on Coca-Cola HBC in a report on Thursday, December 5th. They set a “hold” rating for the company. Sanford C. Bernstein started coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They issued an “outperform” rating on the stock. Finally, Barclays raised Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd.

Coca-Cola HBC Price Performance

Shares of OTCMKTS:CCHGY opened at $34.36 on Monday. Coca-Cola HBC has a 12-month low of $27.39 and a 12-month high of $37.58. The stock’s 50-day moving average price is $35.18 and its two-hundred day moving average price 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.