Coca-Cola HBC (OTCMKTS:CCHGY) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Coca-Cola HBC AG (OTCMKTS:CCHGY) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $39.63 and traded as high as $44.88. Coca-Cola HBC shares last traded at $44.71, with a volume of 3,880 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently commented on CCHGY shares. Kepler Capital Markets began coverage on Coca-Cola HBC in a report on Thursday, December 5th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. upgraded shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Finally, Sanford C. Bernstein initiated coverage on shares of Coca-Cola HBC in a report on Tuesday, December 3rd. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Stock Performance

The stock has a 50 day simple moving average of $39.63 and a 200-day simple moving average of $36.89. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

About Coca-Cola HBC

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.