Coca-Cola HBC (OTCMKTS:CCHGY) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Coca-Cola HBC (OTCMKTS:CCHGY)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $47.72 and traded as high as $51.27. Coca-Cola HBC shares last traded at $51.16, with a volume of 3,025 shares traded.

Analysts Set New Price Targets

Several research firms have recently commented on CCHGY. Morgan Stanley assumed coverage on Coca-Cola HBC in a research note on Thursday, October 2nd. They issued an “overweight” rating for the company. Wall Street Zen upgraded Coca-Cola HBC from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. Finally, Zacks Research cut Coca-Cola HBC from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Coca-Cola HBC Stock Performance

The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 0.92. The stock has a 50 day moving average price of $47.86 and a two-hundred day moving average price of $50.00.

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.