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

Coca-Cola HBC (OTCMKTS:CCHGY) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $48.41 and traded as high as $52.6420. Coca-Cola HBC shares last traded at $51.59, with a volume of 2,412 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCHGY. Morgan Stanley began coverage on shares of Coca-Cola HBC in a report on Thursday, October 2nd. They issued an “overweight” rating for the company. Wall Street Zen upgraded Coca-Cola HBC from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. Finally, Zacks Research downgraded Coca-Cola HBC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Coca-Cola HBC presently has an average rating of “Buy”.

Coca-Cola HBC Stock Performance

The company has a quick ratio of 0.92, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average is $48.41 and its two-hundred day moving average is $49.97.

About Coca-Cola HBC

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.