Zacks Investment Research Upgrades COCA COLA AMATI/ADR (CCLAY) to Hold
COCA COLA AMATI/ADR (OTCMKTS:CCLAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.
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. “
CCLAY has been the topic of a number of other research reports. Macquarie raised COCA COLA AMATI/ADR from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 22nd. Citigroup downgraded COCA COLA AMATI/ADR from a “neutral” rating to a “sell” rating in a research note on Wednesday, November 28th. Finally, Deutsche Bank raised COCA COLA AMATI/ADR from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $8.00.
COCA COLA AMATI/ADR Company Profile
Coca-Cola Amatil Limited, together with its subsidiaries, manufactures, distributes, and markets non-alcoholic and alcoholic ready-to-drink beverages in Australia, New Zealand, Fiji, Indonesia, Papua New Guinea, and Samoa. Its product range includes non-alcoholic sparkling beverages, spring water, sports and energy drinks, fruit juices, iced tea, flavored milk, coffee, tea, beer, cider, and spirits, as well as ready-to-eat fruit and vegetable snacks and products.
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