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

Key Points

• Coca-Cola HBC's stock price dropped below its 50-day moving average of $50.27, trading as low as $44.65 on Monday and last seen at $44.78.
• Analysts have shown mixed sentiments, with Zacks Research lowering its rating from "strong-buy" to "hold," while others like Morgan Stanley rate it as "overweight."
• The overall consensus rating for Coca-Cola HBC is a "Moderate Buy," with varying ratings from strong buy to hold issued by different analysts.

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $50.27 and traded as low as $44.65. Coca-Cola HBC shares last traded at $44.78, with a volume of 13,566 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Zacks Research lowered Coca-Cola HBC from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola HBC in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 17th. Finally, Morgan Stanley assumed coverage on shares of Coca-Cola HBC in a research note on Thursday. They set an "overweight" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Coca-Cola HBC has an average rating of "Moderate Buy".

Coca-Cola HBC Price Performance

The business has a 50 day moving average of $50.27 and a 200 day moving average of $50.71.

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.

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