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 report released on Wednesday. They currently have $7.00 price target 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. “
CCLAY has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) lowered shares of Coca-Cola Amatil from a neutral rating to a sell rating in a report on Wednesday, May 17th. Macquarie upgraded shares of Coca-Cola Amatil from a neutral rating to an outperform rating in a report on Wednesday, August 23rd.
Shares of Coca-Cola Amatil (OTCMKTS:CCLAY) opened at 6.28 on Wednesday. Coca-Cola Amatil has a 12 month low of $6.18 and a 12 month high of $8.35. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 32.37 and a beta of 1.00. The company has a 50-day moving average price of $6.58 and a 200-day moving average price of $7.14.
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The business also recently disclosed a None dividend, which will be paid on Friday, October 13th. Shareholders of record on Tuesday, September 5th will be issued a $0.156 dividend. The ex-dividend date of this dividend is Friday, September 1st.
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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