Macquarie Lowers COCA COLA AMATI/ADR (OTCMKTS:CCLAY) to Underperform

COCA COLA AMATI/ADR (OTCMKTS:CCLAY) was downgraded by stock analysts at Macquarie from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday, May 8th, The Fly reports.

Separately, Zacks Investment Research upgraded COCA COLA AMATI/ADR from a “sell” rating to a “hold” rating in a research report on Friday, February 1st. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and an average target price of $8.00.

Shares of CCLAY stock traded up $0.09 on Wednesday, reaching $6.56. The stock had a trading volume of 25,389 shares, compared to its average volume of 41,321. The company has a market cap of $4.87 billion, a P/E ratio of 16.00 and a beta of 0.80. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.33. COCA COLA AMATI/ADR has a 1 year low of $5.54 and a 1 year high of $7.58.


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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