Coca-Cola HBC (OTCMKTS:CCHGY) Hits New 52-Week High – Still a Buy?

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $65.99 and last traded at $65.99, with a volume of 700 shares changing hands. The stock had previously closed at $65.1850.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CCHGY. Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research report on Friday. Finally, Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a report on Friday. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Coca-Cola HBC currently has an average rating of “Hold”.

Coca-Cola HBC Price Performance

The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The stock’s 50-day simple moving average is $59.20 and its two-hundred day simple moving average is $57.74.

Coca-Cola HBC Company Profile

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.