Zacks Investment Research upgraded shares of COCA COLA AMATI/ADR (OTCMKTS:CCLAY) from a hold rating to a buy rating in a research report report published on Friday morning. Zacks Investment Research currently has $8.00 price objective on the stock.
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. “
Several other analysts also recently commented on the company. Macquarie downgraded COCA COLA AMATI/ADR from an outperform rating to an underperform rating in a research note on Monday, July 23rd. JPMorgan Chase & Co. downgraded COCA COLA AMATI/ADR from a neutral rating to an underweight rating in a research note on Tuesday, June 19th. Morgan Stanley upgraded COCA COLA AMATI/ADR from an underweight rating to an equal weight rating in a research note on Thursday, August 23rd. Citigroup downgraded COCA COLA AMATI/ADR from a buy rating to a neutral rating in a research note on Friday, July 20th. Finally, UBS Group downgraded COCA COLA AMATI/ADR from a neutral rating to a sell rating in a research note on Thursday, August 23rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $8.00.
About COCA COLA AMATI/ADR
Coca-Cola Amatil Limited, together with its subsidiaries, manufactures, distributes, and markets ready-to-drink beverages in Australia, New Zealand, Fiji, Indonesia, Papua New Guinea, and Samoa. It provides ready-to-drink alcohol and non-alcohol sparkling beverages, spring waters, 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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