Coca-Cola HBC (OTCMKTS:CCHGY) Trading 3.7% Higher – Should You Buy?

Coca-Cola HBC (OTCMKTS:CCHGY) was up 3.7% during mid-day trading on Wednesday . The company traded as high as $53.74 and last traded at $53.74. Approximately 444 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 9,081 shares. The stock had previously closed at $51.82.

Analyst Upgrades and Downgrades

CCHGY has been the subject of several recent research reports. Wall Street Zen upgraded shares of Coca-Cola HBC from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. Morgan Stanley assumed coverage on shares of Coca-Cola HBC in a research report on Thursday, October 2nd. They set an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Coca-Cola HBC Stock Down 0.5%

The business’s 50 day simple moving average is $48.80 and its 200 day simple moving average is $49.93. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 0.92.

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.