Zacks Investment Research Lowers Coca-Cola Amatil Ltd. (CCLAY) to Hold
Coca-Cola Amatil Ltd. (OTCMKTS:CCLAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
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. “
Separately, Macquarie upgraded shares of Coca-Cola Amatil from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 23rd.
Shares of Coca-Cola Amatil (OTCMKTS:CCLAY) traded down 0.32% during trading on Tuesday, reaching $6.31. 43,940 shares of the company’s stock were exchanged. Coca-Cola Amatil has a 52 week low of $5.93 and a 52 week high of $8.35. The stock has a 50 day moving average price of $6.22 and a 200-day moving average price of $6.79. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 31.71 and a beta of 0.99.
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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