Coca-Cola HBC (OTCMKTS:CCHGY) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Coca-Cola HBC AG (OTCMKTS:CCHGY)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.48 and traded as low as $33.73. Coca-Cola HBC shares last traded at $33.73, with a volume of 3,938 shares.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays upgraded shares of Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Evercore ISI upgraded Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. raised Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Kepler Capital Markets started coverage on Coca-Cola HBC in a research report on Thursday, December 5th. They set a “hold” rating on the stock. Finally, Sanford C. Bernstein assumed coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola HBC currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Trading Down 1.8 %

The firm’s fifty day moving average is $35.58 and its 200 day moving average is $35.48.

About Coca-Cola HBC

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.