Coca-Cola HBC (OTCMKTS:CCHGY) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Coca-Cola HBC (OTCMKTS:CCHGY) from a strong-buy rating to a buy rating in a research report report published on Monday.

Separately, Berenberg Bank raised Coca-Cola HBC to a “strong-buy” rating in a research note on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola HBC currently has an average rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

Shares of OTCMKTS:CCHGY opened at $52.91 on Monday. The firm has a fifty day moving average price of $50.75 and a two-hundred day moving average price of $42.58. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 0.91. Coca-Cola HBC has a one year low of $32.75 and a one year high of $55.60.

Coca-Cola HBC Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 2nd will be paid a $1.1203 dividend. This represents a yield of 2.07%. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from Coca-Cola HBC’s previous dividend of $0.60.

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.