Coca-Cola HBC (OTCMKTS:CCHGY) Reaches New 12-Month High – Here’s Why

Coca-Cola HBC AG (OTCMKTS:CCHGY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.43 and last traded at $41.37, with a volume of 2555 shares. The stock had previously closed at $40.05.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CCHGY shares. Sanford C. Bernstein started coverage on shares of Coca-Cola HBC in a research report on Tuesday, December 3rd. They issued an “outperform” rating for the company. Kepler Capital Markets started coverage on shares of Coca-Cola HBC in a research report on Thursday, December 5th. They issued a “hold” rating for the company. Finally, 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. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Coca-Cola HBC Trading Up 1.5 %

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14. The company’s 50 day simple moving average is $35.33 and its two-hundred day simple moving average is $35.63.

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.