Coca-Cola HBC (OTCMKTS:CCHGY) Sets New 1-Year High - What's Next?

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $55.60 and last traded at $55.49, with a volume of 4121 shares trading hands. The stock had previously closed at $54.55.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCHGY. Wall Street Zen downgraded shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Berenberg Bank raised Coca-Cola HBC to a "strong-buy" rating in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola HBC presently has an average rating of "Moderate Buy".

Coca-Cola HBC Trading Down 4.3%

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 firm's 50-day simple moving average is $49.63 and its 200 day simple moving average is $41.65.

Coca-Cola HBC Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 2nd will be issued a $1.1203 dividend. This is an increase from Coca-Cola HBC's previous dividend of $0.60. This represents a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, May 30th.

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.