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.

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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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