Coca-Cola Amatil Ltd Stock Rating Reaffirmed by Morgan Stanley (CCL)
Coca-Cola Amatil Ltd (ASX:CCL)‘s stock had its “underweight” rating reiterated by Morgan Stanley in a research note issued on Thursday, AnalystRatingsNetwork.com reports.
Shares of Coca-Cola Amatil Ltd (ASX:CCL) traded up 1.25% during mid-day trading on Thursday, hitting A$12.150. 2,040,177 shares of the company’s stock traded hands. Coca-Cola Amatil Ltd has a 52 week low of A$11.730 and a 52 week high of A$15.430. The stock’s 50-day moving average is A$12.53 and its 200-day moving average is A$13.36. The company has a market cap of A$9.278 billion and a price-to-earnings ratio of 21.31.
A number of other firms have also recently commented on CCL. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Coca-Cola Amatil Ltd (ASX:CCL) in a research note to investors on Friday, September 6th.
Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of A$13.66 ($12.53).
Coca-Cola Amatil Limited (ASX:CCL), with its subsidiaries is engaged in the manufacture, distribution and marketing of carbonated soft drinks, still and mineral waters, fruit juices, coffee and other alcohol-free beverages.
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