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

Coca-Cola HBC (OTCMKTS:CCHGY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $65.99 and last traded at $65.99, with a volume of 700 shares trading hands. The stock had previously closed at $65.1850.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Coca-Cola HBC Stock Performance

The firm has a 50 day moving average price of $58.85 and a 200-day moving average price of $57.49. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

About Coca-Cola HBC

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.