Zacks Investment Research Upgrades Coca-Cola European Partners PLC (CCE) to Buy

Zacks Investment Research upgraded shares of Coca-Cola European Partners PLC (NYSE:CCE) from a hold rating to a buy rating in a research note released on Monday morning. The firm currently has $46.00 price objective 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. “

CCE has been the subject of a number of other reports. BidaskClub cut shares of Coca-Cola European Partners PLC from a buy rating to a hold rating in a research note on Saturday, August 26th. Barclays PLC reissued a buy rating and issued a $46.00 price objective on shares of Coca-Cola European Partners PLC in a research note on Friday, July 21st. UBS AG reissued a buy rating and issued a $50.00 price objective (up from $46.00) on shares of Coca-Cola European Partners PLC in a research note on Monday, August 14th. Jefferies Group LLC reissued a hold rating and issued a $42.00 price objective on shares of Coca-Cola European Partners PLC in a research note on Wednesday, June 14th. Finally, Macquarie started coverage on shares of Coca-Cola European Partners PLC in a research note on Thursday, September 14th. They issued an outperform rating and a $46.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $45.63.

Coca-Cola European Partners PLC (NYSE:CCE) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.52%. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the company posted $0.56 EPS.

TRADEMARK VIOLATION WARNING: This news story was first posted by BBNS and is the property of of BBNS. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://baseballnewssource.com/markets/zacks-investment-research-upgrades-coca-cola-european-partners-plc-cce-to-buy/1704164.html.

Several hedge funds have recently added to or reduced their stakes in CCE. SG Americas Securities LLC purchased a new position in shares of Coca-Cola European Partners PLC during the 2nd quarter worth about $120,000. Advisor Group Inc. boosted its stake in shares of Coca-Cola European Partners PLC by 35.5% during the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after purchasing an additional 939 shares during the period. Phocas Financial Corp. purchased a new position in shares of Coca-Cola European Partners PLC during the 2nd quarter worth about $182,000. Fulton Bank N.A. purchased a new position in shares of Coca-Cola European Partners PLC during the 2nd quarter worth about $201,000. Finally, Shikiar Asset Management Inc. purchased a new position in shares of Coca-Cola European Partners PLC during the 2nd quarter worth about $203,000. 29.63% of the stock is owned by hedge funds and other institutional investors.

About Coca-Cola European Partners PLC

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.

Get a free copy of the Zacks research report on Coca-Cola European Partners PLC (CCE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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 our FREE daily email newsletter.

 


Latest News

Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley


Leave a Reply

 
© 2006-2017 BBNS.