Coca-Cola HBC (OTCMKTS:CCHGY) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Coca-Cola HBC (OTCMKTS:CCHGY)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $53.55 and traded as high as $64.68. Coca-Cola HBC shares last traded at $64.68, with a volume of 6,274 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CCHGY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Wall Street Zen lowered Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. Finally, Kepler Capital Markets cut Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Stock Up 0.7%

The firm has a 50-day moving average of $53.55 and a two-hundred day moving average of $50.40. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 1.14.

Coca-Cola HBC Company Profile

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.