Coca-Cola European Partners (NYSE:CCEP) Stock Rating Lowered by ValuEngine

Coca-Cola European Partners (NYSE:CCEP) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday, ValuEngine reports.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley downgraded Coca-Cola European Partners from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 12th. They noted that the move was a valuation call. Zacks Investment Research downgraded Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Coca-Cola European Partners has an average rating of “Hold” and an average price target of $49.67.

CCEP stock traded down $0.08 during trading on Thursday, reaching $55.46. 786,162 shares of the stock traded hands, compared to its average volume of 896,011. The firm’s 50 day simple moving average is $56.95. Coca-Cola European Partners has a 52-week low of $40.28 and a 52-week high of $58.35. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 0.78. The firm has a market cap of $26.86 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.20 and a beta of 0.46.

Hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC acquired a new position in shares of Coca-Cola European Partners in the second quarter worth about $90,911,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Coca-Cola European Partners in the first quarter worth about $73,639,000. TD Asset Management Inc. acquired a new position in shares of Coca-Cola European Partners in the second quarter worth about $73,796,000. Marathon Asset Management LLP acquired a new position in shares of Coca-Cola European Partners in the second quarter worth about $71,196,000. Finally, Swiss National Bank acquired a new position in shares of Coca-Cola European Partners in the second quarter worth about $69,998,000. 30.47% of the stock is owned by institutional investors.

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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