Coca-Cola HBC (OTCMKTS:CCHGY) Reaches New 1-Year High – What’s Next?

Coca-Cola HBC (OTCMKTS:CCHGY)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $55.65 and last traded at $55.65, with a volume of 1288 shares trading hands. The stock had previously closed at $54.9075.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Coca-Cola HBC Price Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 1.14. The company has a 50 day moving average price of $51.35 and a two-hundred day moving average price of $49.88.

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.