Coca-Cola HBC (OTCMKTS:CCHGY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) saw unusually-strong trading volume on Wednesday. Approximately 33,652 shares traded hands during mid-day trading, an increase of 321% from the previous session’s volume of 8,002 shares. The stock last traded at $57.38 and had previously closed at $57.33.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CCHGY shares. Investec cut Coca-Cola HBC to a “hold” rating in a research note on Thursday, September 3rd. Zacks Research upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. BNP Paribas Exane lowered shares of Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a report on Wednesday, September 16th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Coca-Cola HBC Trading Up 0.3%

The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The business’s fifty day moving average is $60.38 and its 200 day moving average is $60.61.

Coca-Cola HBC Company Profile

Coca-Cola HBC plc is a consumer packaged goods company and one of the largest bottlers of The Coca-Cola Company products. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under brands including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite, along with a range of other branded and licensed products.

The company’s portfolio also includes water, juice, energy drinks, sports drinks, coffee and ready-to-drink alcoholic and non-alcoholic beverages.