Lee Byers Analysts Raise Price Target on Coca-Cola Enterprises (CCE) to $30.00

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(Free-Press-Release.com) July 29, 2011 -- Equities research analysts at Lee Byers boosted their price target on shares of Coca-Cola Enterprises (NYSE: CCE) from $28.00 to $30.00 in a research note to investors on Monday. The analysts currently have a “neutral” rating on the stock.

Separately, analysts at UBS AG downgraded shares of Coca-Cola Enterprises from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Also, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Coca-Cola Enterprises in a research note to investors on Wednesday. They now have a $27.00 price target on the stock.

Shares of Coca-Cola Enterprises opened at 28.89 on Tuesday. Coca-Cola Enterprises has a 52 week low of $21.66 and a 52 week high of $31.80. The stock’s 50-day moving average is $27.38 and its 200-day moving average is $25.7. The company has a market cap of $9.390 billion and a price-to-earnings ratio of 16.17.

Coca-Cola Enterprises last announced its quarterly results on Thursday, April 28th. The company reported $0.33 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.33 EPS. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 22.30% on a year-over-year basis. On average, analysts predict that Coca-Cola Enterprises will post $0.70 EPS next quarter.

Coca-Cola Enterprises Inc. is engaged in marketing, producing and distributing non-alcoholic beverages. The Company serves a market of approximately 421 million consumers throughout the United States, Canada, the United States Virgin Islands and certain other Caribbean islands, Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands. It markets, produces, and distributes its products to customers and consumers through licensed territories in 46 states in the United States, the District of Columbia, the United States Virgin Islands and certain other Caribbean islands, and the 10 provinces of Canada (collectively referred to as North America). It is also the sole licensed bottler for products of The Coca-Cola Company (TCCC) in Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands (collectively referred to as Europe).

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