Coca-Cola Enterprises (NYSE:CCE) was downgraded by stock analysts at Societe Generale from a “buy” rating to a “hold” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
Shares of Coca-Cola Enterprises (NYSE:CCE) opened at 40.45 on Friday. Coca-Cola Enterprises has a 52-week low of $28.82 and a 52-week high of $39.94. The stock’s 50-day moving average is $38.09 and its 200-day moving average is $36.98. The company has a market cap of $10.814 billion and a P/E ratio of 19.14.
Coca-Cola Enterprises (NYSE:CCE) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.03. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company posted $0.71 earnings per share. Coca-Cola Enterprises’s revenue was up 5.0% compared to the same quarter last year. Analysts expect that Coca-Cola Enterprises will post $2.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 5th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, November 20th.
CCE has been the subject of a number of other recent research reports. Analysts at Argus reiterated a “buy” rating on shares of Coca-Cola Enterprises in a research note to investors on Thursday. They now have a $46.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Coca-Cola Enterprises from $44.00 to $47.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Coca-Cola Enterprises from $40.00 to $45.00 in a research note to investors on Tuesday, October 8th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Coca-Cola Enterprises presently has a consensus rating of “Hold” and an average price target of $43.71.
Coca-Cola Enterprises, Inc (NYSE:CCE) markets, produces, and distributes nonalcoholic beverages.
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