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

Coca-Cola HBC (OTCMKTS:CCHGY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $55.65 and last traded at $55.65, with a volume of 1288 shares changing hands. The stock had previously closed at $54.9075.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Coca-Cola HBC presently has a consensus rating of “Buy”.

Coca-Cola HBC Price Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 1.14. The company has a 50 day moving average price of $51.77 and a 200 day moving average price of $50.00.

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.