Coca-Cola HBC (OTCMKTS:CCHGY) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Coca-Cola HBC (OTCMKTS:CCHGY)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $61.36 and traded as high as $66.02. Coca-Cola HBC shares last traded at $65.44, with a volume of 15,446 shares trading hands.

Analysts Set New Price Targets

CCHGY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Finally, Wall Street Zen downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Coca-Cola HBC Stock Performance

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. The company’s fifty day moving average is $61.36 and its 200 day moving average is $59.03.

Coca-Cola HBC Company Profile

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.