Coca-Cola HBC (OTCMKTS:CCHGY) Sees Large Volume Increase – Should You Buy?

Coca-Cola HBC (OTCMKTS:CCHGY) saw an uptick in trading volume on Wednesday. Approximately 33,652 shares were traded during mid-day trading, an increase of 321% from the previous session’s volume of 8,002 shares. The stock last traded at $57.38 and had previously closed at $57.33.

Analyst Ratings Changes

CCHGY has been the topic of several research analyst reports. BNP Paribas Exane cut shares of Coca-Cola HBC to a “neutral” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a research note on Wednesday, September 16th. Investec lowered Coca-Cola HBC to a “hold” rating in a research note on Thursday, September 3rd. Zacks Research raised Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. Finally, Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Coca-Cola HBC currently has a consensus rating of “Hold”.

Coca-Cola HBC Stock Up 0.3%

The stock has a 50-day moving average of $60.38 and a two-hundred day moving average of $60.61. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.18.

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.