Deutsche Bank Reinstates Coca-Cola Enterprises Inc to Buy

Brokerage firm Deutsche Bank Reinstates its rating on Coca-Cola Enterprises Inc(NYSE:CCE). The shares have been rated Buy. The rating by Deutsche Bank was issued on Jun 10, 2016.

In a different note, Bank of America said it Initiates Coverage on Coca-Cola Enterprises Inc, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 1, 2016, CLSA said it Maintains its rating on Coca-Cola Enterprises Inc. In the research note, the firm Lowers the price-target to $60.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jun 1, 2016, Barclays said it Maintains its rating on Coca-Cola Enterprises Inc. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Equal-weight’ by the firm. Goldman Sachs said it Initiates Coverage on Coca-Cola Enterprises Inc, according to a research note issued on May 31, 2016. The shares have been rated ‘Buy’ by the firm. On May 31, 2016, Evercore ISI Group said it Upgrades its rating on Coca-Cola Enterprises Inc. The shares have been rated ‘Buy’ by the firm.

Coca-Cola Enterprises Inc (CCE) shares turned negative on Wednesdays trading session with the shares closing down -0.13 points or -0.35% at a volume of 31,98,873. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.65. The peak price level was also seen at $37.65 while the days lowest was $37.19. Finally the shares closed at $37.26. The 52-week high of the shares is $54.54 while the 52-week low is $37.19. According to the latest information available, the market cap of the company is $8,493 M.

Coca-Cola Enterprises Inc(CCE) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.52B. Analysts had an estimated revenue of $1.55B. Earnings per share were $0.41. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, John Brock (Chairman and CEO) sold 590,779 shares at $48.64 per share price.Also, On Jul 14, 2015, Calvin Darden (director) sold 12,399 shares at $45.00 per share price.On May 4, 2015, Suzanne D Patterson (VP, Controller & CAO) sold 3,312 shares at $45.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Coca-Cola Enterprises Inc. (CCE) markets produces and distributes non-alcoholic beverages. The Company serves a market of approximately 170 million consumers throughout Belgium continental France Great Britain Luxembourg Monaco the Netherlands Norway and Sweden. The Company is The Coca-Cola Company’s (TCCC) bottling partner in Western Europe. The Company has bottling rights within its territories for various beverage brands including products with the name Coca-Cola. The Company purchases concentrates and syrups from TCCC and other licensors to manufacture products. In addition it purchases sweeteners juices mineral waters finished product carbon dioxide fuel PET (plastic) preforms glass aluminum and plastic bottles aluminum and steel cans pouches closures post-mix and packaging materials. The Company’s beverage portfolio includes Coca-Cola Diet Coke/Coca-Cola light Coca-Cola Zero Fanta and Capri-Sun among others.

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