Coca-Cola HBC (OTCMKTS:CCHGY) Stock Price Passes Below 200 Day Moving Average of $35.54

Coca-Cola HBC AG (OTCMKTS:CCHGY) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.54 and traded as low as $33.68. Coca-Cola HBC shares last traded at $34.29, with a volume of 14,798 shares.

A number of research analysts recently weighed in on CCHGY shares. Exane BNP Paribas downgraded shares of Coca-Cola HBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 28th. Zacks Investment Research downgraded shares of Coca-Cola HBC from a “hold” rating to a “sell” rating in a research report on Wednesday. Jefferies Financial Group downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating and set a $37.14 price objective on the stock. in a research report on Monday, July 26th. Bank of America downgraded shares of Coca-Cola HBC from a “buy” rating to a “neutral” rating in a research report on Thursday, September 9th. Finally, Morgan Stanley restated an “overweight” rating on shares of Coca-Cola HBC in a research report on Monday, August 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.07.

The company has a debt-to-equity ratio of 0.94, a current ratio of 1.16 and a quick ratio of 0.97. The firm has a market capitalization of $12.57 billion, a P/E ratio of 25.48 and a beta of 1.29. The company’s 50-day simple moving average is $35.21 and its two-hundred day simple moving average is $35.53.

About Coca-Cola HBC (OTCMKTS:CCHGY)

Coca-Cola HBC AG engages in the production, sale and distribution of non-alcoholic and ready-to-drink beverages. It operates through the following segments: Established Markets, Developing Markets, Emerging Markets. The Established Markets segment consists of Austria, Cyprus, Greece, Italy, Northern Ireland, the Republic of Ireland, and Switzerland.

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