Coca-Cola HBC (OTCMKTS:CCHGY) Shares Cross Below Fifty Day Moving Average - Time to Sell?

Key Points

• Coca-Cola HBC's stock price fell below its fifty-day moving average of $49.39, trading as low as $45.04 during recent trading sessions.
• Analyst ratings for Coca-Cola HBC have recently shifted, with Zacks Research downgrading the stock from a "strong-buy" to a "hold" rating, while others maintain a "buy" or higher rating.
• The stock currently holds a consensus rating of "Moderate Buy", supported by one Strong Buy, four Buy, and two Hold ratings from various analysts.

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $49.39 and traded as low as $45.04. Coca-Cola HBC shares last traded at $45.48, with a volume of 14,484 shares trading hands.

Wall Street Analysts Forecast Growth

CCHGY has been the topic of a number of analyst reports. Zacks Research lowered shares of Coca-Cola HBC from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Wall Street Zen lowered shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola HBC in a research note on Friday, August 8th. Finally, Morgan Stanley initiated coverage on Coca-Cola HBC in a research note on Thursday, October 2nd. They set an "overweight" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Coca-Cola HBC Stock Performance

The firm has a 50 day moving average of $49.39 and a 200 day moving average of $50.67.

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.

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