Coca-Cola Amatil Ltd. (CCLAY) Raised to “Buy” 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 released on Wednesday. The firm currently has a $7.00 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.11% from the company’s previous close.
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 analysts have also issued research reports about the stock. Macquarie raised shares of 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 shares of Coca-Cola Amatil from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 17th.
Shares of Coca-Cola Amatil (OTCMKTS:CCLAY) traded down 0.47% on Wednesday, hitting $6.30. 44,448 shares of the company’s stock were exchanged. Coca-Cola Amatil has a 12 month low of $6.18 and a 12 month high of $8.35.
TRADEMARK VIOLATION NOTICE: “Coca-Cola Amatil Ltd. (CCLAY) Raised to “Buy” at Zacks Investment Research” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/09/13/coca-cola-amatil-ltd-cclay-raised-to-buy-at-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Coca-Cola Amatil Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Amatil Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.