COCA COLA AMATI/ADR (CCLAY) Upgraded to Hold at Zacks Investment Research

COCA COLA AMATI/ADR (OTCMKTS:CCLAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, reports.

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 COCA COLA AMATI/ADR from an “underperform” rating to a “neutral” rating in a research report on Tuesday, January 22nd. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. COCA COLA AMATI/ADR currently has a consensus rating of “Hold” and an average price target of $8.00.

COCA COLA AMATI/ADR stock traded up $0.01 during mid-day trading on Monday, hitting $6.04. The company had a trading volume of 43,350 shares, compared to its average volume of 46,903. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 1.18. COCA COLA AMATI/ADR has a 12-month low of $5.54 and a 12-month high of $7.58. The firm has a market cap of $4.48 billion, a PE ratio of 14.73 and a beta of 0.82.


Coca-Cola Amatil Limited, together with its subsidiaries, manufactures, distributes, and markets non-alcoholic and alcoholic ready-to-drink beverages in Australia, New Zealand, Fiji, Indonesia, Papua New Guinea, and Samoa. Its product range includes non-alcoholic sparkling beverages, spring water, 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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