Coca-Cola Amatil Ltd. (CCLAY) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Coca-Cola Amatil Ltd. (OTCMKTS:CCLAY) from a hold rating to a buy rating in a research report sent to investors on Friday morning. They currently have $7.25 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. “
Other equities research analysts have also issued reports about the company. Macquarie upgraded 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.
Coca-Cola Amatil (OTCMKTS:CCLAY) opened at 6.36 on Friday. The stock has a 50 day moving average price of $6.71 and a 200-day moving average price of $7.22. Coca-Cola Amatil has a one year low of $6.35 and a one year high of $8.35. The stock has a market cap of $4.72 billion, a PE ratio of 32.78 and a beta of 1.00.
The business also recently declared a None dividend, which will be paid on Friday, October 13th. Stockholders of record on Tuesday, September 5th will be given a $0.156 dividend. The ex-dividend date is 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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