Coca-Cola HBC (OTCMKTS:CCHGY) Sees Large Volume Increase – Time to Buy?

Coca-Cola HBC (OTCMKTS:CCHGY) saw unusually-strong trading volume on Thursday . Approximately 56,956 shares were traded during mid-day trading, an increase of 744% from the previous session’s volume of 6,749 shares.The stock last traded at $60.32 and had previously closed at $61.36.

Analysts Set New Price Targets

CCHGY has been the subject of a number of recent research reports. Kepler Capital Markets cut shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Morgan Stanley restated an “overweight” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Finally, Wall Street Zen downgraded Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Coca-Cola HBC Trading Down 1.8%

The firm has a 50-day moving average of $56.82 and a 200-day moving average of $51.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 0.92.

Coca-Cola HBC Company Profile

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.