Coca-Cola HBC (OTCMKTS:CCHGY) Reaches New 12-Month High - Here's Why

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $41.43 and last traded at $41.37, with a volume of 2555 shares. The stock had previously closed at $40.05.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CCHGY. JPMorgan Chase & Co. raised Coca-Cola HBC from a "neutral" rating to an "overweight" rating in a report on Wednesday, November 27th. Sanford C. Bernstein started coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They set an "outperform" rating on the stock. Finally, Kepler Capital Markets started coverage on Coca-Cola HBC in a 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

Coca-Cola HBC Trading Up 0.3 %

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 has a fifty day simple moving average of $35.46 and a 200 day simple moving average of $35.68.

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.