Coca-Cola HBC (OTCMKTS:CCHGY) Sees Large Volume Increase – Still a Buy?

Coca-Cola HBC (OTCMKTS:CCHGY) saw strong trading volume on Thursday . 56,956 shares were traded during mid-day trading, an increase of 744% from the previous session’s volume of 6,749 shares.The stock last traded at $60.32 and had previously closed at $61.36.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CCHGY shares. Kepler Capital Markets lowered shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Wall Street Zen downgraded Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. The firm’s 50-day moving average is $57.17 and its 200-day moving average is $51.55.

Coca-Cola HBC Company Profile

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.