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

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) were up 0.5% during mid-day trading on Thursday. The stock 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 session volume of 7,876 shares. The stock had previously closed at $56.0930.

Analyst Upgrades and Downgrades

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

Coca-Cola HBC Price Performance

The company’s fifty day moving average price is $60.91 and its 200 day moving average price 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.