Coca-Cola HBC (OTCMKTS:CCHGY) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Coca-Cola HBC AG (OTCMKTS:CCHGY)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $34.96 and traded as low as $34.36. Coca-Cola HBC shares last traded at $34.56, with a volume of 2,896 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCHGY. JPMorgan Chase & Co. upgraded Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Kepler Capital Markets started coverage on shares of Coca-Cola HBC in a report on Thursday, December 5th. They set a “hold” rating on the stock. Barclays upgraded shares of Coca-Cola HBC to a “strong-buy” rating in a report on Thursday, October 3rd. Evercore ISI upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Finally, Citigroup upgraded shares of Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Stock Performance

The stock has a 50 day moving average price of $34.96 and a 200 day moving average price of $35.45.

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.