Coca-Cola Enterprises (CCE) : Analyst Rating Update

Coca-Cola Enterprises (CCE) : Zacks Investment Research ranks Coca-Cola Enterprises (CCE) as 5, which is a Strong Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.77, which indicates as a Hold.

Coca-Cola Enterprises (CCE) : 8 Wall Street analysts covering Coca-Cola Enterprises (CCE) believe that the average level the stock could reach for the short term is $46.31. The maximum price target given is $57 and the minimum target for short term is around $40, hence the standard deviation is calculated at $6.2.

Coca-Cola Enterprises (NYSE:CCE): The stock opened at $34.75 on Wednesday but the bulls could not build on the opening and the stock topped out at $34.84 for the day. The stock traded down to $34.22 during the day, due to lack of any buying support eventually closed down at $34.79 with a loss of -0.17% for the day. The stock had closed at $34.85 on the previous day. The total traded volume was 2,898,701 shares.

Also, Equity analysts at the Brokerage firm Deutsche Bank reinstates its rating on Coca-Cola Enterprises (NYSE:CCE). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Deutsche Bank announces a current price target of $47 per share. The rating by the firm was issued on June 10, 2016. The company shares have dropped -19.72% from its 1 Year high price. On Apr 14, 2016, the shares registered one year high at $54.54 and the one year low was seen on Jun 28, 2016. The 50-Day Moving Average price is $41.04 and the 200 Day Moving Average price is recorded at $47.57.

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 Companys (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 Companys beverage portfolio includes Coca-Cola, Diet Coke/Coca-Cola light, Coca-Cola Zero, Fanta and Capri-Sun, among others.

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