Coca-Cola European Partners (NYSE:CCEP) Upgraded to “Hold” by Zacks Investment Research

Coca-Cola European Partners (NYSE:CCEP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, Zacks.com reports.

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. “

CCEP has been the subject of several other reports. ValuEngine lowered shares of Coca-Cola European Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. ABN Amro upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Liberum Capital assumed coverage on shares of Coca-Cola European Partners in a report on Thursday, September 19th. They set a “buy” rating for the company. Evercore ISI reiterated a “buy” rating and set a $60.00 target price on shares of Coca-Cola European Partners in a report on Thursday, August 8th. Finally, Barclays set a $60.00 target price on shares of Coca-Cola European Partners and gave the stock a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.20.

NYSE CCEP traded up $0.31 during trading on Monday, hitting $56.82. 1,075,330 shares of the company’s stock traded hands, compared to its average volume of 1,167,000. The stock has a fifty day moving average of $55.77 and a two-hundred day moving average of $55.29. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.84 and a quick ratio of 0.62. Coca-Cola European Partners has a 12-month low of $42.90 and a 12-month high of $58.35. The firm has a market cap of $27.21 billion, a P/E ratio of 20.89, a PEG ratio of 2.24 and a beta of 0.41.

Several institutional investors have recently bought and sold shares of the company. Pinnacle Bank boosted its holdings in shares of Coca-Cola European Partners by 4.1% during the third quarter. Pinnacle Bank now owns 5,631 shares of the company’s stock worth $312,000 after purchasing an additional 220 shares during the period. Enterprise Financial Services Corp bought a new position in Coca-Cola European Partners in the second quarter worth about $25,000. FTB Advisors Inc. bought a new position in Coca-Cola European Partners in the second quarter worth about $25,000. Zions Bancorporation N.A. bought a new position in Coca-Cola European Partners in the second quarter worth about $26,000. Finally, SevenBridge Financial Group LLC bought a new position in Coca-Cola European Partners in the second quarter worth about $26,000. Institutional investors own 29.17% of the company’s stock.

About Coca-Cola European Partners

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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