Coca-Cola European Partners (NYSE:CCEP) Raised to Hold at ValuEngine

Coca-Cola European Partners (NYSE:CCEP) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, ValuEngine reports.

Other equities analysts have also issued reports about the company. Liberum Capital started coverage on Coca-Cola European Partners in a research report on Thursday, September 19th. They set a “buy” rating for the company. ABN Amro upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Zacks Investment Research lowered Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Deutsche Bank restated a “buy” rating and set a $65.00 target price (up from $62.00) on shares of Coca-Cola European Partners in a research report on Tuesday, October 15th. Finally, Evercore ISI restated a “buy” rating and set a $60.00 target price on shares of Coca-Cola European Partners in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $58.80.

Shares of NYSE:CCEP opened at $51.31 on Tuesday. The stock has a market capitalization of $24.93 billion, a P/E ratio of 18.86, a P/E/G ratio of 2.07 and a beta of 0.41. Coca-Cola European Partners has a 1-year low of $44.44 and a 1-year high of $58.94. The business has a 50-day moving average price of $54.73 and a two-hundred day moving average price of $55.71. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 0.90.

Institutional investors have recently bought and sold shares of the company. Enterprise Financial Services Corp acquired a new position in shares of Coca-Cola European Partners during the 2nd quarter worth about $25,000. FTB Advisors Inc. acquired a new position in shares of Coca-Cola European Partners in the 2nd quarter valued at approximately $25,000. Zions Bancorporation N.A. acquired a new position in shares of Coca-Cola European Partners in the 2nd quarter valued at approximately $26,000. SevenBridge Financial Group LLC acquired a new position in shares of Coca-Cola European Partners in the 2nd quarter valued at approximately $26,000. Finally, Pearl River Capital LLC acquired a new position in shares of Coca-Cola European Partners in the 2nd quarter valued at approximately $29,000. Institutional investors own 29.28% of the company’s stock.

Coca-Cola European Partners Company Profile

Coca-Cola European Partners plc, together with its subsidiaries, produces, markets, distributes, and sells a range of nonalcoholic ready-to-drink beverages. The company offers sparkling flavors, energy drinks, juices, isotonics, and other drinks, as well as water. It provides its products primarily under the Coca-Cola, Fanta, and Sprite brands, as well as Coca-Cola Zero Sugar, Mezzo Mix, Schweppes, Royal Bliss, Fïnle, Monster, GLACÉAU Smartwater, Vio, Chaudfontaine, Fuze Tea, Honest Coffee, Oasis, Capri-Sun, Honest, and Tropico brands.

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

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