Coca-Cola HBC (OTCMKTS:CCHGY) Shares Pass Above 50 Day Moving Average of $32.07


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Coca-Cola HBC AG (OTCMKTS:CCHGY) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $32.07 and traded as high as $32.46. Coca-Cola HBC shares last traded at $32.41, with a volume of 1,380 shares traded.

CCHGY has been the topic of a number of recent analyst reports. Societe Generale cut Coca-Cola HBC from a “hold” rating to a “sell” rating in a report on Friday, January 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a report on Friday, February 12th. UBS Group reiterated a “buy” rating on shares of Coca-Cola HBC in a report on Tuesday, January 12th. Finally, Zacks Investment Research cut Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Monday, January 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Coca-Cola HBC currently has an average rating of “Buy” and a consensus target price of $35.00.

The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 20.33 and a beta of 1.27. The company has a 50-day simple moving average of $32.06 and a two-hundred day simple moving average of $29.73. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.86 and a current ratio of 1.08.

About Coca-Cola HBC (OTCMKTS:CCHGY)

Coca-Cola HBC AG engages in the production, sale and distribution of non-alcoholic and ready-to-drink beverages. It operates through the following segments: Established Markets, Developing Markets, Emerging Markets. The Established Markets segment consists of Austria, Cyprus, Greece, Italy, Northern Ireland, the Republic of Ireland, and Switzerland.

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