Coca-Cola HBC (OTCMKTS:CCHGY) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Coca-Cola HBC AG (OTCMKTS:CCHGY) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $34.96 and traded as low as $34.36. Coca-Cola HBC shares last traded at $34.56, with a volume of 2,896 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on CCHGY shares. Kepler Capital Markets assumed coverage on Coca-Cola HBC in a report on Thursday, December 5th. They issued a “hold” rating on the stock. Citigroup raised shares of Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Barclays raised shares of Coca-Cola HBC to a “strong-buy” rating in a research note on Thursday, October 3rd. Evercore ISI raised shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Finally, Sanford C. Bernstein assumed coverage on Coca-Cola HBC in a research note on Tuesday, December 3rd. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

The firm’s 50 day moving average price is $34.96 and its two-hundred day moving average price is $35.44.

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.