Coca-Cola HBC (OTCMKTS:CCHGY) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $61.36 and traded as high as $66.02. Coca-Cola HBC shares last traded at $65.44, with a volume of 15,446 shares trading hands.

Analysts Set New Price Targets

CCHGY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Coca-Cola HBC Price Performance

The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.19. The company has a 50 day moving average price of $61.51 and a 200 day moving average price of $59.13.

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.