Carlsberg AS (OTCMKTS:CABGY) Given Average Recommendation of “Buy” by Analysts

Carlsberg AS (OTCMKTS:CABGY) has been given a consensus rating of “Buy” by the six analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating on the company.

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

Carlsberg AS Price Performance

Carlsberg AS stock opened at $28.46 on Wednesday. Carlsberg AS has a fifty-two week low of $23.10 and a fifty-two week high of $32.16. The stock’s 50 day simple moving average is $28.50 and its two-hundred day simple moving average is $25.88. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00.

Carlsberg AS Company Profile

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.