Coca-Cola Amatil Ltd. (CCLAY) Upgraded to “Buy” at Zacks Investment Research
Coca-Cola Amatil Ltd. (OTCMKTS:CCLAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage currently has a $7.25 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.99% from the company’s previous close.
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. “
Other research analysts have also issued research reports about the company. Macquarie raised Coca-Cola Amatil from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 23rd. Goldman Sachs Group, Inc. (The) lowered Coca-Cola Amatil from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 17th.
Shares of Coca-Cola Amatil (OTCMKTS:CCLAY) traded down 1.09% during midday trading on Friday, reaching $6.36. The company had a trading volume of 330,017 shares. The company has a 50-day moving average price of $6.72 and a 200 day moving average price of $7.24. Coca-Cola Amatil has a one year low of $6.35 and a one year high of $8.35. The company has a market capitalization of $4.72 billion, a P/E ratio of 32.78 and a beta of 1.00.
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Coca-Cola Amatil Company Profile
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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