Coca-Cola European Partners (NYSE:CCE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

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 equities analysts also recently weighed in on the stock. ValuEngine downgraded shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research note on Monday, May 7th. Jefferies Group reissued a “hold” rating on shares of Coca-Cola European Partners in a research note on Thursday, April 26th. Goldman Sachs Group raised shares of Coca-Cola European Partners from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 17th. Morgan Stanley began coverage on shares of Coca-Cola European Partners in a research note on Monday, March 26th. They set an “overweight” rating for the company. Finally, Deutsche Bank lifted their target price on shares of Coca-Cola European Partners from $43.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $43.57.

Shares of NYSE CCE opened at $37.97 on Wednesday. Coca-Cola European Partners has a twelve month low of $36.17 and a twelve month high of $44.75. The firm has a market cap of $18.39 billion, a P/E ratio of 15.89, a PEG ratio of 1.91 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.82.

Coca-Cola European Partners (NYSE:CCE) last announced its earnings results on Thursday, April 26th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Coca-Cola European Partners had a net margin of 5.70% and a return on equity of 15.52%. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the firm earned $0.31 earnings per share. Coca-Cola European Partners’s quarterly revenue was down .9% on a year-over-year basis. research analysts predict that Coca-Cola European Partners will post 2.77 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CCE. Schwab Charles Investment Management Inc. increased its stake in Coca-Cola European Partners by 64.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 126,157 shares of the company’s stock valued at $5,028,000 after purchasing an additional 49,668 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new stake in Coca-Cola European Partners in the fourth quarter valued at $553,000. Assenagon Asset Management S.A. bought a new stake in Coca-Cola European Partners in the fourth quarter valued at $3,580,000. Commerzbank Aktiengesellschaft FI increased its stake in Coca-Cola European Partners by 17.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 30,705 shares of the company’s stock valued at $1,224,000 after purchasing an additional 4,512 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in Coca-Cola European Partners in the fourth quarter valued at $241,000. 31.55% of the stock is owned by hedge funds and other institutional investors.

About Coca-Cola European Partners

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and markets a range of nonalcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink, and other products. It provides its products primarily under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest, and GLAC√ČAU Smartwater brands.

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

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