Carlsberg AS (OTCMKTS:CABGY) Receives Average Recommendation of “Buy” from Brokerages

Shares of Carlsberg AS (OTCMKTS:CABGY) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, two have given a buy recommendation and three have assigned a strong buy recommendation to the company.

Several research analysts have recently weighed in on the stock. UBS Group raised shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. Zacks Research upgraded shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Finally, BNP Paribas Exane raised shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th.

Carlsberg AS Trading Down 1.4%

OTCMKTS:CABGY opened at $31.70 on Friday. The stock has a fifty day simple moving average of $27.09 and a 200 day simple moving average of $25.28. Carlsberg AS has a 1-year low of $23.10 and a 1-year high of $32.16. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 2.41.

About Carlsberg AS

Carlsberg A/S is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen. The company is primarily engaged in the brewing, marketing and distribution of beer, cider and related beverages. Its portfolio comprises global and regional beer brands, led by the Carlsberg and Tuborg names, alongside a range of local brands tailored to specific markets. Carlsberg also operates maltings and brewing facilities and provides packaging and logistics services that support its beverage operations.

Carlsberg sells products across Europe and Asia and maintains a presence in numerous other markets through wholly owned subsidiaries, joint ventures and export arrangements.