Coca-Cola HBC (OTCMKTS:CCHGY) Sets New 52-Week High – Here’s What Happened

Coca-Cola HBC AG (OTCMKTS:CCHGY) reached a new 52-week high during trading on Wednesday . The company traded as high as $45.97 and last traded at $45.90, with a volume of 1163 shares changing hands. The stock had previously closed at $45.40.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CCHGY shares. Sanford C. Bernstein assumed coverage on shares of Coca-Cola HBC in a research note on Tuesday, December 3rd. They set an “outperform” rating on the stock. Kepler Capital Markets assumed coverage on Coca-Cola HBC in a report on Thursday, December 5th. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola HBC currently has an average rating of “Moderate Buy”.

Coca-Cola HBC Stock Up 1.1 %

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14. The stock’s 50 day moving average is $40.99 and its two-hundred day moving average is $37.23.

Coca-Cola HBC Company Profile

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.