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Coca-Cola HBC (OTCMKTS:CCHGY) Reaches New 1-Year High - Here's Why

Coca-Cola HBC logo with Consumer Staples background

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $51.90 and last traded at $49.85, with a volume of 1864 shares trading hands. The stock had previously closed at $50.25.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of Coca-Cola HBC to a "strong-buy" rating in a research note on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola HBC has a consensus rating of "Moderate Buy".

Check Out Our Latest Report on Coca-Cola HBC

Coca-Cola HBC Stock Performance

The company has a 50 day simple moving average of $45.33 and a two-hundred day simple moving average of $38.82. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14.

About Coca-Cola HBC

(Get Free Report)

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.

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