COCA COLA AMATI/ADR (CCLAY) Receives Consensus Recommendation of “Hold” from Analysts
Shares of COCA COLA AMATI/ADR (OTCMKTS:CCLAY) have earned a consensus rating of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.00.
A number of analysts have recently commented on the company. Zacks Investment Research raised COCA COLA AMATI/ADR from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Citigroup cut COCA COLA AMATI/ADR from a “buy” rating to a “neutral” rating in a research note on Friday, July 20th. JPMorgan Chase & Co. cut COCA COLA AMATI/ADR from a “neutral” rating to an “underweight” rating in a research note on Tuesday, June 19th. Macquarie cut COCA COLA AMATI/ADR from an “outperform” rating to an “underperform” rating in a research note on Monday, July 23rd. Finally, UBS Group cut COCA COLA AMATI/ADR from a “neutral” rating to a “sell” rating in a research note on Thursday, August 23rd.
Shares of OTCMKTS:CCLAY opened at $6.78 on Monday. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.69 and a beta of 0.92. COCA COLA AMATI/ADR has a 1-year low of $5.79 and a 1-year high of $7.30. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.52 and a quick ratio of 1.16.
Coca-Cola Amatil Limited, together with its subsidiaries, manufactures, distributes, and markets ready-to-drink beverages in Australia, New Zealand, Fiji, Indonesia, Papua New Guinea, and Samoa. It provides ready-to-drink alcohol and non-alcohol sparkling beverages, spring waters, 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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