Coca-Cola HBC (OTCMKTS:CCHGY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Coca-Cola HBC AG (OTCMKTS:CCHGY) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $39.63 and traded as high as $44.88. Coca-Cola HBC shares last traded at $44.71, with a volume of 3,880 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They set an “outperform” rating for the company. Kepler Capital Markets began coverage on shares of Coca-Cola HBC in a research note on Thursday, December 5th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Stock Down 0.2 %

The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 0.91. The stock has a fifty day moving average price of $40.09 and a two-hundred day moving average price of $37.00.

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.