Shares of Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report) saw unusually-strong trading volume on Wednesday. 33,652 shares were traded during mid-day trading, an increase of 321% from the previous session’s volume of 8,002 shares. The stock last traded at $57.38 and had previously closed at $57.33.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on CCHGY. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Zacks Research upgraded Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a research report on Wednesday, September 16th. BNP Paribas Exane downgraded Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th. Finally, Investec downgraded Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Read Our Latest Research Report on CCHGY
Coca-Cola HBC Price Performance
The stock’s fifty day moving average price is $60.02 and its 200-day moving average price is $60.63. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 1.07.
Coca-Cola HBC Company Profile
Coca-Cola HBC plc is a consumer packaged goods company and one of the largest bottlers of The Coca-Cola Company products. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under brands including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite, along with a range of other branded and licensed products.
The company’s portfolio also includes water, juice, energy drinks, sports drinks, coffee and ready-to-drink alcoholic and non-alcoholic beverages.
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