Coca-Cola HBC (OTCMKTS:CCHGY) Hits New 52-Week High – Here’s Why

Shares of Coca-Cola HBC AG (OTCMKTS:CCHGY) hit a new 52-week high on Tuesday . The stock traded as high as $42.14 and last traded at $42.11, with a volume of 28745 shares. The stock had previously closed at $41.73.

Analyst Ratings Changes

CCHGY has been the subject of several recent research reports. Kepler Capital Markets started coverage on Coca-Cola HBC in a research report on Thursday, December 5th. They set a “hold” rating for the company. Sanford C. Bernstein assumed coverage on shares of Coca-Cola HBC in a research note on Tuesday, December 3rd. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

The stock has a 50-day moving average of $35.60 and a two-hundred day moving average of $35.75. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14.

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.