Coca-Cola European Partners (NYSE:CCEP) Stock Rating Upgraded by ABN Amro
ABN Amro upgraded shares of Coca-Cola European Partners (NYSE:CCEP) from a sell rating to a hold rating in a research report released on Tuesday, The Fly reports.
CCEP has been the topic of several other reports. Morgan Stanley lowered 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. Evercore ISI reissued a buy rating and issued a $60.00 price objective on shares of Coca-Cola European Partners in a research report on Thursday, August 8th. Zacks Investment Research lowered Coca-Cola European Partners from a hold rating to a sell rating in a research report on Tuesday, July 16th. Barclays set a $60.00 price objective on Coca-Cola European Partners and gave the company a buy rating in a research report on Friday, August 9th. Finally, ValuEngine lowered Coca-Cola European Partners from a buy rating to a hold rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $54.00.
NYSE:CCEP opened at $55.10 on Tuesday. The business’s 50-day moving average is $56.44 and its two-hundred day moving average is $53.14. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.84 and a quick ratio of 0.61. Coca-Cola European Partners has a 12 month low of $41.67 and a 12 month high of $58.35. The firm has a market capitalization of $26.00 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.14 and a beta of 0.45.
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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