Coca-Cola Enterprises Inc (CCE) is Downgraded by Goldman to Neutral

Coca-Cola Enterprises Inc (CCE) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Oct 10, 2016.

Many Wall Street Analysts have commented on Coca-Cola Enterprises Inc. Coca-Cola Enterprises Inc was Upgraded by Societe Generale to ” Buy” on Jul 19, 2016.

On the company’s financial health, Coca-Cola Enterprises Inc reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Sep 22, 2016. Analyst had a consensus of $0.63. The company had revenue of $2873.00 million for the quarter, compared to analysts expectations of $3025.13 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.

Coca-Cola Enterprises Inc closed down -0.4 points or -1.02% at $38.85 with 22,76,996 shares getting traded on Friday. Post opening the session at $38.93, the shares hit an intraday low of $38.55 and an intraday high of $39.05 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 3, 2016, John Brock (Chairman and CEO) sold 590,779 shares at $48.64 per share price. According to the SEC, 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.

Coca-Cola Enterprises Inc

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