Coca-Cola HBC (OTCMKTS:CCHGY) Shares Climb 0.5% – Time to Buy?

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) were up 0.5% during trading on Thursday. The stock traded as high as $56.71 and last traded at $56.40. Approximately 9,546 shares were traded during mid-day trading, an increase of 21% from the average session volume of 7,876 shares. The stock had previously closed at $56.0930.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CCHGY. BNP Paribas Exane cut shares of Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research report on Wednesday, September 16th. Zacks Research raised shares of Coca-Cola HBC to a “hold” rating in a research note on Tuesday, September 8th. Investec cut Coca-Cola HBC to a “hold” rating in a report on Thursday, September 3rd. Finally, Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Coca-Cola HBC Price Performance

The business has a fifty day moving average price of $60.69 and a 200 day moving average price of $60.58.

About Coca-Cola HBC

Coca-Cola HBC plc is a consumer packaged goods company and one of the largest bottlers of The Coca-Cola Company products. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under brands including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite, along with a range of other branded and licensed products.

The company’s portfolio also includes water, juice, energy drinks, sports drinks, coffee and ready-to-drink alcoholic and non-alcoholic beverages.