Coca-Cola HBC (OTCMKTS:CCHGY) Reaches New 12-Month High – Should You Buy?

Shares of Coca-Cola HBC AG (OTCMKTS:CCHGY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $40.24 and last traded at $40.24, with a volume of 3329 shares. The stock had previously closed at $37.24.

Analyst Ratings Changes

CCHGY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Sanford C. Bernstein initiated coverage on Coca-Cola HBC in a research report on Tuesday, December 3rd. They set an “outperform” rating on the stock. Finally, Kepler Capital Markets initiated coverage on Coca-Cola HBC in a research report on Thursday, December 5th. They set a “hold” rating on the stock. Three research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Stock Performance

The firm has a 50-day simple moving average of $34.86 and a two-hundred day simple moving average of $35.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14.

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.