COCA COLA AMATI/ADR (OTCMKTS:CCLAY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of COCA COLA AMATI/ADR (OTCMKTS:CCLAY) from a sell rating to a hold rating in a research note published on Tuesday, Zacks.com 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. “

CCLAY has been the topic of a number of other reports. ValuEngine raised shares of COCA COLA AMATI/ADR from a sell rating to a hold rating in a research note on Thursday, October 10th. Goldman Sachs Group cut shares of COCA COLA AMATI/ADR from a neutral rating to a sell rating in a research note on Thursday, July 4th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of Hold.

Shares of OTCMKTS:CCLAY opened at $6.99 on Tuesday. The company’s 50 day simple moving average is $7.21 and its 200 day simple moving average is $6.89. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.53 and a quick ratio of 1.12. COCA COLA AMATI/ADR has a 1 year low of $5.54 and a 1 year high of $7.67.

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, September 3rd were paid a $0.133 dividend. The ex-dividend date was Friday, August 30th. COCA COLA AMATI/ADR’s dividend payout ratio (DPR) is 63.41%.

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.

Read More: What is the Quick Ratio?

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Analyst Recommendations for COCA COLA AMATI/ADR (OTCMKTS:CCLAY)

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