Coca-Cola HBC (OTCMKTS:CCHGY) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Coca-Cola HBC AG (OTCMKTS:CCHGY) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $39.63 and traded as high as $44.88. Coca-Cola HBC shares last traded at $44.71, with a volume of 3,880 shares trading hands.

Analyst Ratings Changes

CCHGY has been the topic of several research analyst reports. Sanford C. Bernstein initiated coverage on Coca-Cola HBC in a research report on Tuesday, December 3rd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. raised Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Finally, Kepler Capital Markets started coverage on Coca-Cola HBC in a research note on Thursday, December 5th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola HBC currently has an average rating of “Moderate Buy”.

Coca-Cola HBC Stock Down 0.2 %

The stock’s 50-day simple moving average is $40.09 and its 200 day simple moving average is $37.00. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.