Argus cut shares of Coca-Cola European Partners (NYSE:CCEP) from a buy rating to a hold rating in a research note published on Thursday morning, Briefing.com Automated Import reports.

CCEP has been the subject of a number of other reports. Barclays set a $61.00 price target on shares of Coca-Cola European Partners and gave the stock a buy rating in a report on Friday, October 25th. Zacks Investment Research cut shares of Coca-Cola European Partners from a hold rating to a sell rating in a research report on Monday, November 4th. Liberum Capital assumed coverage on shares of Coca-Cola European Partners in a research report on Thursday, September 19th. They set a buy rating on the stock. ABN Amro upgraded Coca-Cola European Partners from a sell rating to a hold rating in a research note on Tuesday, August 13th. Finally, ValuEngine lowered Coca-Cola European Partners from a hold rating to a sell rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $58.80.

Coca-Cola European Partners stock opened at $49.82 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 0.90. Coca-Cola European Partners has a 12-month low of $44.44 and a 12-month high of $58.94. The firm’s fifty day moving average is $52.68 and its 200 day moving average is $55.33. The company has a market capitalization of $24.13 billion, a PE ratio of 18.38, a PEG ratio of 2.00 and a beta of 0.38.

A number of hedge funds have recently made changes to their positions in CCEP. Enterprise Financial Services Corp bought a new position in shares of Coca-Cola European Partners in the second quarter valued at $25,000. FTB Advisors Inc. acquired a new position in Coca-Cola European Partners during the 2nd quarter valued at about $25,000. Pearl River Capital LLC acquired a new position in Coca-Cola European Partners during the 2nd quarter valued at about $29,000. Crewe Advisors LLC bought a new stake in Coca-Cola European Partners during the 2nd quarter worth approximately $37,000. Finally, Liberty Wealth Management LLC bought a new stake in Coca-Cola European Partners during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 27.74% 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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