Coca-Cola HBC (OTCMKTS:CCHGY) Shares Gap Up – What’s Next?

Coca-Cola HBC (OTCMKTS:CCHGY) gapped up prior to trading on Friday . The stock had previously closed at $58.98, but opened at $61.32. Coca-Cola HBC shares last traded at $61.29, with a volume of 1,224 shares trading hands.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Kepler Capital Markets downgraded shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Wall Street Zen downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Morgan Stanley reissued an “overweight” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Coca-Cola HBC Stock Performance

The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The business’s 50-day moving average is $59.97 and its two-hundred day moving average is $52.77.

About Coca-Cola HBC

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.