Coca-Cola HBC (OTCMKTS:CCHGY) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $56.43 and traded as high as $64.17. Coca-Cola HBC shares last traded at $63.70, with a volume of 4,294 shares.

Analysts Set New Price Targets

Several brokerages have issued reports on CCHGY. Kepler Capital Markets cut Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Wall Street Zen cut shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Morgan Stanley reissued an “overweight” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Finally, Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Coca-Cola HBC has an average rating of “Moderate Buy”.

Coca-Cola HBC Stock Performance

The stock has a 50-day moving average of $56.82 and a 200 day moving average of $51.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 0.92.

About Coca-Cola HBC

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.