Zacks Investment Research upgraded shares of Coca-Cola European Partners (NYSE:CCEP) from a sell rating to a hold rating in a research report report published on Tuesday morning. The brokerage currently has $52.00 price target on the stock.

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. “

Several other research analysts have also weighed in on CCEP. ValuEngine lowered Coca-Cola European Partners from a buy rating to a hold rating in a research report on Tuesday, December 4th. Jefferies Financial Group raised Coca-Cola European Partners from a hold rating to a buy rating in a research report on Monday.

CCEP stock traded up $0.09 during mid-day trading on Tuesday, hitting $46.89. The stock had a trading volume of 15,591 shares, compared to its average volume of 1,104,728. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.01 and a quick ratio of 0.81. Coca-Cola European Partners has a 1-year low of $36.17 and a 1-year high of $49.43. The firm has a market cap of $22.56 billion, a P/E ratio of 19.58, a PEG ratio of 1.80 and a beta of 0.61.

Coca-Cola European Partners (NYSE:CCEP) last issued its earnings results on Thursday, October 25th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. Coca-Cola European Partners had a return on equity of 16.36% and a net margin of 6.26%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.69 billion. As a group, research analysts expect that Coca-Cola European Partners will post 2.7 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital World Investors acquired a new position in shares of Coca-Cola European Partners during the 3rd quarter valued at about $1,442,321,000. Deutsche Bank AG acquired a new position in shares of Coca-Cola European Partners during the 3rd quarter valued at about $121,648,000. Epoch Investment Partners Inc. acquired a new position in shares of Coca-Cola European Partners during the 3rd quarter valued at about $80,101,000. OZ Management LP acquired a new position in shares of Coca-Cola European Partners during the 3rd quarter valued at about $78,896,000. Finally, Vanguard Group Inc. acquired a new position in shares of Coca-Cola European Partners during the 3rd quarter valued at about $78,105,000. 31.51% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola European Partners Company Profile

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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