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

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) saw unusually-strong trading volume on Tuesday . 31,854 shares traded hands during trading, an increase of 317% from the previous session’s volume of 7,639 shares.The stock last traded at $58.7950 and had previously closed at $57.24.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola HBC in a research note on Wednesday, September 16th. Investec cut shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. Finally, BNP Paribas Exane downgraded shares of Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Coca-Cola HBC Trading Up 2.7%

The stock has a 50 day moving average price of $63.29 and a 200-day moving average price of $60.86. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.19.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG is a consumer packaged goods company and one of The Coca-Cola Company’s strategic bottling partners. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite.

The company also offers a broader portfolio of products, including energy drinks such as Monster, bottled water, juices, ready-to-drink coffee and tea, and alcoholic beverages in selected markets.