Coca-Cola HBC (OTCMKTS:CCHGY) Reaches New 1-Year High – What’s Next?

Coca-Cola HBC AG (OTCMKTS:CCHGY) hit a new 52-week high on Friday . The stock traded as high as $37.95 and last traded at $37.73, with a volume of 3230 shares traded. The stock had previously closed at $37.22.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CCHGY. JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Kepler Capital Markets assumed coverage on shares of Coca-Cola HBC in a research report on Thursday, December 5th. They issued a “hold” rating for the company. Finally, Sanford C. Bernstein started coverage on shares of Coca-Cola HBC in a research note on Tuesday, December 3rd. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

The stock has a 50 day moving average of $34.58 and a 200 day moving average of $35.42. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

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.