Berenberg Bank Upgrades Coca-Cola HBC (OTCMKTS:CCHGY) to “Strong-Buy”

Berenberg Bank upgraded shares of Coca-Cola HBC (OTCMKTS:CCHGY) to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

Several other research firms have also weighed in on CCHGY. Kepler Capital Markets assumed coverage on shares of Coca-Cola HBC in a research note on Thursday, December 5th. They set a “hold” rating for the company. 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. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Trading Up 3.4 %

Shares of CCHGY opened at $47.47 on Wednesday. Coca-Cola HBC has a 52 week low of $29.42 and a 52 week high of $47.65. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02. The stock has a 50 day moving average of $41.49 and a 200-day moving average of $37.36.

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.