Coca-Cola Enterprises Inc. (NYSE:CCE) shares saw an uptick in trading volume on Friday . 2,123,647 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 2,082,006 shares.The stock last traded at $38.78 and had previously closed at $38.42.

A number of research firms recently weighed in on CCE. Susquehanna reaffirmed a “hold” rating on shares of Coca-Cola Enterprises in a report on Sunday, July 17th. Evercore ISI reaffirmed a “buy” rating on shares of Coca-Cola Enterprises in a report on Sunday, June 26th. Vetr raised shares of Coca-Cola Enterprises from a “hold” rating to a “strong-buy” rating and set a $55.50 price objective on the stock in a report on Tuesday, May 31st. Credit Agricole SA dropped their price objective on shares of Coca-Cola Enterprises from $60.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, June 1st. Finally, Stifel Nicolaus began coverage on shares of Coca-Cola Enterprises in a report on Wednesday, June 1st. They issued a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Coca-Cola Enterprises currently has a consensus rating of “Buy” and an average price target of $50.81.

The company’s 50 day moving average price is $37.54 and its 200-day moving average price is $44.89. The stock has a market capitalization of $18.84 billion and a P/E ratio of 26.81.

Other hedge funds and institutional investors recently modified their holdings of the company. Stephens Inc. AR boosted its position in shares of Coca-Cola Enterprises by 2.8% in the fourth quarter. Stephens Inc. AR now owns 35,889 shares of the company’s stock worth $1,767,000 after buying an additional 961 shares during the last quarter. State of Tennessee Treasury Department boosted its position in shares of Coca-Cola Enterprises by 55.2% in the fourth quarter. State of Tennessee Treasury Department now owns 137,075 shares of the company’s stock worth $6,749,000 after buying an additional 48,775 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Coca-Cola Enterprises by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 320,883 shares of the company’s stock worth $15,800,000 after buying an additional 1,826 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its position in shares of Coca-Cola Enterprises by 25.7% in the fourth quarter. BlackRock Advisors LLC now owns 333,377 shares of the company’s stock worth $16,416,000 after buying an additional 68,197 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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