Coca-Cola HBC (OTCMKTS:CCHGY) Reaches New 52-Week High – Should You Buy?

Shares of Coca-Cola HBC AG (OTCMKTS:CCHGY) reached a new 52-week high during trading on Thursday . The company traded as high as $45.26 and last traded at $45.26, with a volume of 7916 shares traded. The stock had previously closed at $44.41.

Wall Street Analyst Weigh In

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

Coca-Cola HBC Stock Up 1.9 %

The stock has a 50 day simple moving average of $40.09 and a two-hundred day simple moving average of $37.00. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14.

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.