Susquehanna Sticks to Their Sell Rating for Coca-Cola European Partners (CCE)

By Jason Carr

Susquehanna analyst Pablo Zuanic reiterated a Sell rating on Coca-Cola European Partners (NYSE: CCE) today and set a price target of $34. The company’s shares opened today at $40.58.

According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 6.4% and a 54.5% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Anheuser-Busch Inbev Sa, and Craft Brewers Alliance.

Currently, the analyst consensus on Coca-Cola European Partners is a Moderate Sell with an average price target of $38.50.

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Coca-Cola European Partners’ market cap is currently $19.65B and has a P/E ratio of 25.61. The company has a Price to Book ratio of 2.39.

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Coca-Cola European Partners Plc engages in the distribution and sale of ready-to-drink beverages. IT operates through the following brands: Coca-Cola, Diet Coke or Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite. It also offers energy drinks, waters, juices, sports drinks, and ready-to-drink teas.