Coca-Cola Amatil Ltd. (CCLAY) Upgraded 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 Wednesday. The firm presently has a $7.00 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.11% from the company’s current price.
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 several other research reports. Goldman Sachs Group, Inc. (The) cut Coca-Cola Amatil from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 17th. Macquarie raised Coca-Cola Amatil from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 23rd.
Coca-Cola Amatil (OTCMKTS:CCLAY) traded down 0.47% during trading on Wednesday, reaching $6.30. 44,448 shares of the company were exchanged. Coca-Cola Amatil has a 52-week low of $6.18 and a 52-week high of $8.35.
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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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