Amcor Limited ADS (OTCMKTS:AMCRY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Amcor Limited ADS (OTCMKTS:AMCRY) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $50.00 price objective on the stock.

According to Zacks, “Amcor Ltd. operations include the packaging, fibre packaging and paper manufacturing divisions. Packaging products are used in the beverage/food, industrial, metal, plastic and household products industries. Other interests include Spicers Papers Ltd., which manufactures paper stationery products and Kimberly-Clark Australia Ltd., which manufactures tissue and personel care products. “

Shares of AMCRY opened at $44.70 on Tuesday. Amcor Limited ADS has a 52-week low of $35.75 and a 52-week high of $46.82. The stock has a fifty day simple moving average of $44.70 and a two-hundred day simple moving average of $44.70.

Amcor Limited ADS Company Profile

Amcor Limited provides rigid and flexible packaging products for the food, beverage, healthcare, personal care, and other fast moving consumer end markets in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments.

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