Coca-Cola HBC (OTCMKTS:CCHGY) Stock Price Up 3.7% – Still a Buy?

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) were up 3.7% on Wednesday . The company traded as high as $53.74 and last traded at $53.74. Approximately 444 shares were traded during trading, a decline of 95% from the average daily volume of 9,081 shares. The stock had previously closed at $51.82.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Morgan Stanley assumed coverage on Coca-Cola HBC in a research report on Thursday, October 2nd. They issued an “overweight” rating for the company. Zacks Research downgraded Coca-Cola HBC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Wall Street Zen upgraded shares of Coca-Cola HBC from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Coca-Cola HBC Stock Performance

The stock’s 50-day moving average price is $48.59 and its 200-day moving average price is $49.90. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 0.92.

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.