Zacks Investment Research Upgrades DAVIDE CAMPARI-/S (OTCMKTS:DVDCY) to Buy

DAVIDE CAMPARI-/S (OTCMKTS:DVDCY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Zacks.com reports. The firm currently has a $10.00 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 4.17% from the company’s current price.

According to Zacks, “Davide Campari Milano SpA is engaged in the beverage industry, which has spirits, wines and soft drinks segments. It products includes Aperol, Appleton Estate, Campari, SKYY, Wild Turkey and Grand Marnier. Davide Campari Milano SpA headquartered in Milan, Italy. “

Several other brokerages have also commented on DVDCY. Jefferies Financial Group raised DAVIDE CAMPARI-/S from a “hold” rating to a “buy” rating in a research report on Thursday. ValuEngine upgraded shares of DAVIDE CAMPARI-/S from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Shares of OTCMKTS:DVDCY traded up $0.31 during trading on Friday, hitting $9.60. The stock had a trading volume of 3,299 shares, compared to its average volume of 2,122. The company has a market capitalization of $10.39 billion, a PE ratio of 38.40, a PEG ratio of 4.15 and a beta of 0.48. The firm’s fifty day moving average is $9.04 and its 200 day moving average is $9.20. DAVIDE CAMPARI-/S has a 12 month low of $8.56 and a 12 month high of $10.35.

DAVIDE CAMPARI-/S Company Profile

Davide Campari-Milano S.p.A., together with its subsidiaries, manufactures and trades in alcoholic and non-alcoholic beverages in the Americas, Europe, the Middle East, Africa, Europe, and the Asia-Pacific. Its product portfolio includes aperitifs, vodka, whisky, tequila, rum, gin, liqueurs, sparkling and still wines, and ready to drink products under approximately 50 brands.

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