Coca-Cola HBC (OTCMKTS:CCHGY) Sees Unusually-High Trading Volume – What’s Next?

Coca-Cola HBC (OTCMKTS:CCHGY) shares saw unusually-strong trading volume on Tuesday . Approximately 42,694 shares traded hands during trading, an increase of 356% from the previous session’s volume of 9,357 shares.The stock last traded at $50.1470 and had previously closed at $48.40.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Coca-Cola HBC from a “hold” rating to a “buy” rating in a research report on Tuesday, November 18th. Morgan Stanley started coverage on Coca-Cola HBC in a research report on Thursday, October 2nd. They issued an “overweight” rating for the company. Zacks Research cut Coca-Cola HBC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Stock Performance

The company has a current ratio of 1.14, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. The company’s fifty day moving average is $46.76 and its 200 day moving average is $50.35.

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.