Coca-Cola HBC (OTCMKTS:CCHGY) Reaches New 1-Year High – Here’s Why

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

Analysts Set New Price Targets

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

Coca-Cola HBC Trading Up 1.2%

The company’s fifty day simple moving average is $58.85 and its 200-day simple moving average is $57.49. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

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.