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Coca-Cola Enterprises (NYSE:CCE) was downgraded by research analysts at Nomura from a “neutral” rating to a “reduce” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.

Shares of Coca-Cola Enterprises (NYSE:CCE) opened at 45.97 on Tuesday. Coca-Cola Enterprises has a one year low of $33.81 and a one year high of $48.04. The stock has a 50-day moving average of $46.4 and a 200-day moving average of $44.13. The company has a market cap of $11.747 billion and a P/E ratio of 18.75.

Coca-Cola Enterprises (NYSE:CCE) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.44 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.44. The company had revenue of $1.87 million for the quarter, compared to the consensus estimate of $1.93 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that Coca-Cola Enterprises will post $2.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 19th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Wednesday, June 4th.

In other Coca-Cola Enterprises news, Director Thomas H. Johnson sold 3,500 shares of the stock on the open market in a transaction dated Monday, April 28th. The stock was sold at an average price of $46.34, for a total transaction of $162,190.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Coca-Cola Enterprises in a research note on Friday. They now have a $49.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Coca-Cola Enterprises from $47.00 to $50.00 in a research note on Friday, March 21st. Finally, analysts at UBS AG initiated coverage on shares of Coca-Cola Enterprises in a research note on Monday, March 3rd. They set a “neutral” rating and a $50.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.86.

Coca-Cola Enterprises, Inc (NYSE:CCE) markets, produces, and distributes nonalcoholic beverages.

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