Coca-Cola European Partners PLC (NYSE:CCE) was downgraded by research analysts at UBS AG to a “neutral” rating in a report issued on Monday.

Other research analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Deutsche Bank AG restated a “hold” rating and issued a $46.00 price target (up from $44.00) on shares of Coca-Cola European Partners PLC in a report on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and issued a $45.00 price target on shares of Coca-Cola European Partners PLC in a report on Thursday, September 14th. Susquehanna Bancshares Inc restated a “hold” rating on shares of Coca-Cola European Partners PLC in a report on Thursday, August 10th. Finally, Zacks Investment Research cut shares of Coca-Cola European Partners PLC from a “hold” rating to a “sell” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$45.63.

Coca-Cola European Partners PLC (NYSE CCE) opened at C$39.50 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 0.95. Coca-Cola European Partners PLC has a 1 year low of C$30.55 and a 1 year high of C$44.75. The firm has a market cap of $19,133.07, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its quarterly earnings results on Tuesday, November 7th. The company reported C$0.68 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.80 by C($0.12). The company had revenue of C$2.96 billion during the quarter, compared to the consensus estimate of C$2.99 billion. Coca-Cola European Partners PLC had a return on equity of 15.60% and a net margin of 6.78%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. equities research analysts expect that Coca-Cola European Partners PLC will post 2.45 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Coca-Cola European Partners PLC (CCE) Downgraded to “Neutral” at UBS AG” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.watchlistnews.com/coca-cola-european-partners-plc-cce-downgraded-to-neutral-at-ubs-ag/1699635.html.

A number of large investors have recently added to or reduced their stakes in CCE. First Eagle Investment Management LLC lifted its stake in Coca-Cola European Partners PLC by 95.5% in the second quarter. First Eagle Investment Management LLC now owns 5,561,886 shares of the company’s stock worth $226,202,000 after acquiring an additional 2,716,394 shares during the period. Artisan Partners Limited Partnership lifted its position in shares of Coca-Cola European Partners PLC by 13.7% during the second quarter. Artisan Partners Limited Partnership now owns 16,633,760 shares of the company’s stock valued at $676,495,000 after buying an additional 2,006,947 shares during the last quarter. Capital World Investors lifted its position in shares of Coca-Cola European Partners PLC by 6.8% during the second quarter. Capital World Investors now owns 22,083,787 shares of the company’s stock valued at $898,148,000 after buying an additional 1,398,929 shares during the last quarter. Kingdon Capital Management L.L.C. lifted its position in shares of Coca-Cola European Partners PLC by 225.0% during the second quarter. Kingdon Capital Management L.L.C. now owns 1,334,398 shares of the company’s stock valued at $54,270,000 after buying an additional 923,797 shares during the last quarter. Finally, Cannell Peter B & Co. Inc. purchased a new stake in shares of Coca-Cola European Partners PLC during the third quarter valued at about $35,993,000. 29.84% of the stock is owned by institutional investors.

About Coca-Cola European Partners PLC

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages. It offers drinks primarily under the Coca-Cola, Diet Coke/Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite brands. The company also provides energy drinks, waters, juices, sports drinks and ready-to-drink teas.

Analyst Recommendations for Coca-Cola European Partners PLC (NYSE:CCE)

Receive News & Ratings for Coca-Cola European Partners PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.