Macquarie upgraded shares of COCA COLA AMATI/ADR (OTCMKTS:CCLAY) from an underperform rating to a neutral rating in a research report released on Friday, The Fly reports.
Other research analysts also recently issued reports about the company. Zacks Investment Research raised COCA COLA AMATI/ADR from a hold rating to a buy rating and set a $8.00 price objective for the company in a research note on Friday, November 8th. ValuEngine raised COCA COLA AMATI/ADR from a sell rating to a hold rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $8.00.
OTCMKTS CCLAY traded up $0.08 on Friday, hitting $7.39. 3,857 shares of the stock were exchanged, compared to its average volume of 15,359. The stock has a fifty day moving average price of $7.04 and a two-hundred day moving average price of $6.99. COCA COLA AMATI/ADR has a 52-week low of $5.54 and a 52-week high of $7.67. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.12 and a current ratio of 1.53. The firm has a market capitalization of $5.29 billion, a P/E ratio of 18.02 and a beta of 0.65.
About COCA COLA AMATI/ADR
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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