Coca-Cola Enterprises Inc. (NYSE:CCE) gapped up before the market opened on Thursday . The stock had previously closed at $34.55, but opened at $34.79. Coca-Cola Enterprises shares last traded at $35.33, with a volume of 2,114,462 shares trading hands.

A number of research firms have issued reports on CCE. Zacks Investment Research cut shares of Coca-Cola Enterprises from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 7th. Stifel Nicolaus upgraded shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Thursday, April 14th. They noted that the move was a valuation call. Evercore ISI upgraded shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, May 31st. Vetr upgraded shares of Coca-Cola Enterprises from a “buy” rating to a “strong-buy” rating and set a $59.37 price target for the company in a report on Monday, May 16th. Finally, Susquehanna restated a “neutral” rating and set a $49.00 price target on shares of Coca-Cola Enterprises in a report on Wednesday, March 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $51.78.

The firm has a 50 day moving average of $39.64 and a 200-day moving average of $47.29. The stock has a market capitalization of $17.44 billion and a P/E ratio of 24.81.

Coca-Cola Enterprises (NYSE:CCE) last announced its earnings results on Thursday, April 28th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm posted $0.42 EPS. The business’s quarterly revenue was down 7.0% on a year-over-year basis. On average, equities research analysts forecast that Coca-Cola Enterprises Inc. will post $2.29 EPS for the current year.

Several hedge funds recently made changes to their positions in the company. Russell Frank Co increased its stake in shares of Coca-Cola Enterprises by 336.4% in the fourth quarter. Russell Frank Co now owns 301,904 shares of the company’s stock valued at $14,981,000 after buying an additional 232,728 shares during the last quarter. Strs Ohio increased its stake in shares of Coca-Cola Enterprises by 67.6% in the fourth quarter. Strs Ohio now owns 23,766 shares of the company’s stock valued at $1,170,000 after buying an additional 9,588 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Coca-Cola Enterprises by 0.8% in the fourth quarter. Nationwide Fund Advisors now owns 63,239 shares of the company’s stock valued at $3,114,000 after buying an additional 516 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Coca-Cola Enterprises by 2.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 135,266 shares of the company’s stock valued at $6,666,000 after buying an additional 2,990 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Coca-Cola Enterprises by 29.4% in the fourth quarter. Sei Investments Co. now owns 83,508 shares of the company’s stock valued at $4,112,000 after buying an additional 18,972 shares during the last quarter.

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.

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