Coca-Cola HBC (OTCMKTS:CCHGY) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• Coca-Cola HBC shares crossed above their 50-day moving average, reaching $61.56 before last trading at $60.95 on volume of 9,870 shares.
• Analyst sentiment is mixed but leans toward caution: two analysts rate the stock Buy, four Hold, and one Sell, giving it an overall “Hold” rating.
• The company is a major Coca-Cola bottling partner serving 29 countries across Europe, Africa and emerging markets, with a broad portfolio of non-alcoholic and selected alcoholic beverages.

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $59.67 and traded as high as $61.56. Coca-Cola HBC shares last traded at $60.95, with a volume of 9,870 shares changing hands.

Analyst Ratings Changes

Several research firms have recently issued reports on CCHGY. BNP Paribas Exane lowered shares of Coca-Cola HBC to a "neutral" rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola HBC in a report on Wednesday, September 16th. Zacks Research raised Coca-Cola HBC to a "hold" rating in a research report on Tuesday, September 8th. Citigroup restated a "neutral" rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Finally, Investec cut Coca-Cola HBC to a "hold" rating in a research note on Thursday, September 3rd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Coca-Cola HBC Stock Down 0.9%

The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 1.07. The firm has a 50-day simple moving average of $59.67 and a 200 day simple moving average of $60.77.

About Coca-Cola HBC

Coca-Cola HBC AG is a Switzerland-based beverage bottler and one of the largest bottling partners of The Coca-Cola Company. The company manufactures, distributes and sells a broad portfolio of non-alcoholic beverages, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite, as well as water, juices, energy drinks, sports drinks, ready-to-drink coffee and alcoholic beverages in selected markets. Its portfolio also includes brands such as Schweppes, Monster Energy, Costa Coffee and Cappy, depending on local distribution rights.

Coca-Cola HBC serves customers across 29 countries in Europe, Africa and emerging markets.

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