Zacks Investment Research downgraded shares of Coca-Cola European Partners (NYSE:CCE) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Coca-Cola European Partners PLC is a consumer packaged goods company. It is engaged in producing, distributing and marketing nonalcoholic ready-to-drink beverages. It operates primarily in Andorra, Belgium, continental France, Germany, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden. Coca-Cola European Partners PLC, formerly known as Coca-Cola Enterprises Inc., is headquartered in Uxbridge, United Kingdom. “

A number of other research analysts also recently commented on CCE. Macquarie downgraded shares of Coca-Cola European Partners from an outperform rating to a neutral rating and set a $40.00 target price on the stock. in a research report on Friday, January 5th. UBS Group downgraded shares of Coca-Cola European Partners to a neutral rating in a research report on Monday, November 13th. Susquehanna Bancshares downgraded shares of Coca-Cola European Partners from a neutral rating to a neutral rating and dropped their target price for the company from $38.00 to $33.00 in a research report on Monday, November 13th. Finally, Deutsche Bank assumed coverage on shares of Coca-Cola European Partners in a research note on Wednesday, December 13th. They set a buy rating and a $43.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Coca-Cola European Partners has an average rating of Hold and a consensus price target of $43.38.

Coca-Cola European Partners (CCE) traded up $0.01 during midday trading on Tuesday, hitting $38.80. 5,293,800 shares of the company were exchanged, compared to its average volume of 1,643,510. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.95 and a quick ratio of 0.76. The stock has a market cap of $18,789.16, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.85 and a beta of 0.91. Coca-Cola European Partners has a 1 year low of $31.95 and a 1 year high of $44.75.

Coca-Cola European Partners (NYSE:CCE) last posted its earnings results on Tuesday, November 7th. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.12). The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Coca-Cola European Partners had a net margin of 6.78% and a return on equity of 15.60%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share. equities analysts expect that Coca-Cola European Partners will post 2.49 earnings per share for the current year.

A number of large investors have recently modified their holdings of CCE. SG Americas Securities LLC acquired a new stake in Coca-Cola European Partners during the 2nd quarter worth $120,000. Advisor Group Inc. boosted its stake in Coca-Cola European Partners by 35.5% during the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after purchasing an additional 939 shares during the period. Phocas Financial Corp. acquired a new stake in Coca-Cola European Partners during the 2nd quarter worth $182,000. Koch Industries Inc. acquired a new stake in Coca-Cola European Partners during the 2nd quarter worth $218,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Coca-Cola European Partners during the 2nd quarter worth $238,000. Hedge funds and other institutional investors own 29.33% of the company’s stock.

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Coca-Cola European Partners Company Profile

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.

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