Coca-Cola HBC (OTCMKTS:CCHGY) Stock Passes Above 50 Day Moving Average – What’s Next?

Coca-Cola HBC (OTCMKTS:CCHGY) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $46.91 and traded as high as $49.92. Coca-Cola HBC shares last traded at $49.71, with a volume of 4,334 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on CCHGY shares. Wall Street Zen upgraded shares of Coca-Cola HBC from a “hold” rating to a “buy” rating in a research report on Tuesday, November 18th. Zacks Research lowered shares of Coca-Cola HBC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Morgan Stanley initiated coverage on Coca-Cola HBC in a research report on Thursday, October 2nd. They set an “overweight” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Coca-Cola HBC Stock Down 1.0%

The business has a fifty day moving average of $46.91 and a 200 day moving average of $50.32. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 1.14.

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.