Credit Suisse Initiates Coverage on Coca-Cola Enterprises Inc to Neutral

Credit Suisse Initiates Coverage on Coca-Cola Enterprises Inc(NYSE:CCE). The shares have been rated Neutral. The rating by Credit Suisse was issued on Sep 15, 2016.

In a different note, On Jul 19, 2016, Societe Generale said it Upgrades its rating on Coca-Cola Enterprises Inc. The shares have been rated ‘Buy’ by the firm.

Coca-Cola Enterprises Inc (CCE) made into the market gainers list on Tuesdays trading session with the shares advancing 1.02% or 0.4 points. Due to strong positive momentum, the stock ended at $39.75, which is also near the day’s high of $39.87. The stock began the session at $39.49 and the volume stood at 22,74,460 shares. The 52-week high of the shares is $54.54 and the 52 week low is $33.67. The company has a current market capitalization of $9,061 M and it has 22,79,38,510 shares in outstanding.

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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