Coca-Cola Amatil Ltd. (CCLAY) Cut to Hold at Zacks Investment Research
Zacks Investment Research cut shares of Coca-Cola Amatil Ltd. (OTCMKTS:CCLAY) from a buy rating to a hold rating in a report published on Tuesday.
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, Macquarie upgraded shares of Coca-Cola Amatil from a neutral rating to an outperform rating in a research report on Wednesday, August 23rd.
Coca-Cola Amatil (OTCMKTS CCLAY) opened at 6.21 on Tuesday. Coca-Cola Amatil has a 12-month low of $5.93 and a 12-month high of $8.35. The company has a 50-day moving average price of $6.22 and a 200-day moving average price of $6.77. The firm has a market cap of $4.61 billion, a PE ratio of 31.21 and a beta of 0.99.
The business also recently declared a None dividend, which was paid on Friday, October 13th. Stockholders of record on Tuesday, September 5th were given a dividend of $0.156 per share. The ex-dividend date was Friday, September 1st.
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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