Coca-Cola HBC (OTCMKTS:CCHGY) Shares Climb 0.5% – Time to Buy?

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) rose 0.5% on Thursday. The company traded as high as $56.71 and last traded at $56.40. 9,546 shares traded hands during trading, an increase of 21% from the average daily volume of 7,876 shares. The stock had previously closed at $56.0930.

Analyst Upgrades and Downgrades

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

Coca-Cola HBC Trading Up 0.8%

The stock’s 50-day simple moving average is $60.91 and its 200 day simple moving average is $60.60.

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.