Coca-Cola HBC (OTCMKTS:CCHGY) Hits New 1-Year High – Here’s Why

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) hit a new 52-week high during trading on Monday . The stock traded as high as $65.3350 and last traded at $65.3350, with a volume of 965 shares trading hands. The stock had previously closed at $64.4550.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CCHGY. Morgan Stanley reiterated an “overweight” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Wall Street Zen cut Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Kepler Capital Markets lowered Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Finally, Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Trading Up 1.0%

The firm’s 50-day moving average price is $55.67 and its two-hundred day moving average price is $51.06. The company has a current ratio of 1.14, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89.

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.