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Coca-Cola HBC (OTCMKTS:CCHGY) Sets New 1-Year High - Still a Buy?

Coca-Cola HBC logo with Consumer Staples background

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $45.97 and last traded at $45.90, with a volume of 1163 shares trading hands. The stock had previously closed at $45.40.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded shares of Coca-Cola HBC to a "strong-buy" rating in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

View Our Latest Stock Report on Coca-Cola HBC

Coca-Cola HBC Stock Performance

The business has a 50-day moving average of $41.84 and a two-hundred day moving average of $37.47. 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

(Get Free Report)

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.

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