Coca-Cola HBC (OTCMKTS:CCHGY) Share Price Passes Above 50-Day Moving Average of $22.22

Coca-Cola HBC AG (OTCMKTS:CCHGY – Get Rating)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $22.22 and traded as high as $24.06. Coca-Cola HBC shares last traded at $24.06, with a volume of 8,801 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CCHGY. Morgan Stanley upped their price objective on shares of Coca-Cola HBC from GBX 1,850 ($22.29) to GBX 1,950 ($23.49) in a research report on Wednesday, July 20th. Jefferies Financial Group upgraded shares of Coca-Cola HBC from a “hold” rating to a “buy” rating in a research report on Friday, May 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Coca-Cola HBC from GBX 2,475 ($29.82) to GBX 2,525 ($30.42) in a research report on Wednesday, July 13th. Finally, Barclays upped their price objective on shares of Coca-Cola HBC from GBX 1,900 ($22.89) to GBX 2,000 ($24.10) in a research report on Thursday, July 14th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $2,093.75.

Coca-Cola HBC Stock Up 4.6 %

The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average of $22.22 and a 200 day moving average of $24.49.

Coca-Cola HBC Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, August 16th. Shareholders of record on Monday, July 11th will be given a dividend of $0.6938 per share. This represents a yield of 3.1%. The ex-dividend date of this dividend is Friday, July 8th.

Coca-Cola HBC Company Profile

(Get Rating)

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks.