Coca-Cola HBC (OTCMKTS:CCHGY) Sets New 1-Year High – Here’s What Happened

Coca-Cola HBC AG (OTCMKTS:CCHGY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $45.26 and last traded at $45.26, with a volume of 7916 shares. The stock had previously closed at $44.41.

Analyst Upgrades and Downgrades

CCHGY has been the subject of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Coca-Cola HBC in a report on Tuesday, December 3rd. They issued an “outperform” rating for the company. JPMorgan Chase & Co. upgraded Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Finally, Kepler Capital Markets assumed coverage on Coca-Cola HBC in a research report on Thursday, December 5th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Stock Up 1.9 %

The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02. The stock’s 50-day simple moving average is $40.09 and its two-hundred day simple moving average is $37.00.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.