Coca-Cola HBC (OTCMKTS:CCHGY) Raised to Strong-Buy at Berenberg Bank

Coca-Cola HBC (OTCMKTS:CCHGY) was upgraded by analysts at Berenberg Bank to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Coca-Cola HBC in a research note on Tuesday, December 3rd. They set an “outperform” rating on the stock. Kepler Capital Markets initiated coverage on shares of Coca-Cola HBC in a report on Thursday, December 5th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

Shares of CCHGY opened at $47.47 on Wednesday. The stock’s 50-day moving average price is $41.49 and its 200 day moving average price is $37.36. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14. Coca-Cola HBC has a 12-month low of $29.42 and a 12-month high of $47.65.

Coca-Cola HBC Company Profile

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.