Zacks Investment Research upgraded shares of Coca-Cola Amatil (OTCMKTS:CCLAY) from a hold rating to a buy rating in a research note released on Wednesday morning. The firm currently has $7.50 target price on the stock.

According to Zacks, “Coca-Cola Amatil limited’s principal activity is the manufacture, distribution and marketing of non-alcoholic ready to drink beverages which include carbonated and non carbonated drinks which include mineral and bottled waters, ready-to-drink coffee and tea, juices/nectar, sport drinks, fruit still drinks, energy drinks, other ready-to-drink beverages and flavoured milk drinks. Major brands include Coca-Cola, diet Coke, Coca-Cola Light, Fanta, Sprite, Lift, Lift Plus, POWERaDE, Mount Franklin, Fruitopia, pump, L&P, Deep Spring, Schweppes, Qoo, Kin Cider, and Nescafe. “

Separately, ValuEngine cut Coca-Cola Amatil from a buy rating to a hold rating in a report on Friday, February 2nd.

CCLAY stock opened at $6.89 on Wednesday. Coca-Cola Amatil has a twelve month low of $5.79 and a twelve month high of $8.35. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 1.79.

The firm also recently declared a None dividend, which will be paid on Friday, April 20th. Shareholders of record on Monday, March 5th will be issued a dividend of $0.134 per share. The ex-dividend date is Friday, March 2nd.

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About Coca-Cola Amatil

Coca-Cola Amatil Limited (CCA) manufactures, distributes and sells ready-to-drink beverages in the Asia-Pacific region. The Company’s segments include Non-Alcohol Beverages; Alcohol & Coffee Beverages, and Corporate, Food & Services. The Company manufactures Coca-Cola products in approximately six countries in which it operates.

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