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Coca-Cola HBC (OTCMKTS:CCHGY) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Coca-Cola HBC logo with Consumer Staples background
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Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report)'s share price passed 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.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Sanford C. Bernstein started coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They set an "outperform" rating for the company. Kepler Capital Markets started coverage on shares of Coca-Cola HBC in a report on Thursday, December 5th. They issued 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Read Our Latest Stock Analysis on Coca-Cola HBC

Coca-Cola HBC Stock Performance

The firm's fifty day simple moving average is $40.55 and its 200 day simple moving average is $37.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14.

About Coca-Cola HBC

(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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