Coca-Cola HBC (OTCMKTS:CCHGY) Sets New 12-Month High – What’s Next?

Coca-Cola HBC (OTCMKTS:CCHGY)’s share price hit a new 52-week high on Monday . The company traded as high as $58.6808 and last traded at $58.67, with a volume of 2407 shares. The stock had previously closed at $58.06.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CCHGY shares. Kepler Capital Markets lowered Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research note on Friday. Wall Street Zen downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola HBC currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Stock 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 business’s 50-day simple moving average is $52.10 and its two-hundred day simple moving average is $50.01.

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.