Coca-Cola HBC (OTCMKTS:CCHGY) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Coca-Cola HBC (OTCMKTS:CCHGY) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $46.91 and traded as high as $49.92. Coca-Cola HBC shares last traded at $49.71, with a volume of 4,334 shares.

Analysts Set New Price Targets

A number of analysts have recently commented on CCHGY shares. Morgan Stanley began coverage on shares of Coca-Cola HBC in a report on Thursday, October 2nd. They set an “overweight” rating on the stock. Wall Street Zen raised shares of Coca-Cola HBC from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola HBC in a research note on Friday, August 8th. Finally, Zacks Research cut Coca-Cola HBC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Coca-Cola HBC currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. The firm’s 50-day moving average is $46.91 and its 200-day moving average is $50.32.

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.