Coca-Cola HBC (OTCMKTS:CCHGY) Sees Strong Trading Volume After Analyst Upgrade

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) saw unusually-strong trading volume on Wednesday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. Approximately 24,213 shares changed hands during trading, an increase of 177% from the previous session’s volume of 8,753 shares.The stock last traded at $47.24 and had previously closed at $47.16.

Several other research analysts have also recently weighed in on CCHGY. Zacks Research cut shares of Coca-Cola HBC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola HBC in a report on Friday, August 8th. Finally, Morgan Stanley began coverage on Coca-Cola HBC in a report on Thursday, October 2nd. They set an “overweight” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Coca-Cola HBC Stock Up 0.2%

The company has a quick ratio of 0.92, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm’s fifty day moving average is $46.99 and its two-hundred day moving average is $50.48.

About Coca-Cola HBC

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.