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

Coca-Cola HBC (OTCMKTS:CCHGY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $65.3350 and last traded at $65.3350, with a volume of 965 shares traded. The stock had previously closed at $64.4550.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Kepler Capital Markets lowered shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Finally, Wall Street Zen lowered Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued 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.com, Coca-Cola HBC has an average rating of “Moderate Buy”.

Coca-Cola HBC Stock Performance

The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 0.92. The firm has a 50-day moving average of $54.78 and a 200 day moving average of $50.76.

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.