Coca-Cola HBC (OTCMKTS:CCHGY) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Coca-Cola HBC AG (OTCMKTS:CCHGY)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $34.96 and traded as low as $34.36. Coca-Cola HBC shares last traded at $34.56, with a volume of 2,896 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CCHGY shares. Citigroup raised shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Evercore ISI raised shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Barclays raised shares of Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Kepler Capital Markets assumed coverage on Coca-Cola HBC in a report on Thursday, December 5th. They issued a “hold” rating for the company. 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 research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

The firm’s 50-day simple moving average is $34.96 and its 200 day simple moving average is $35.44.

Coca-Cola HBC Company Profile

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.