Carlsberg AS (OTCMKTS:CABGY) Sees Unusually-High Trading Volume – Here’s What Happened

Carlsberg AS (OTCMKTS:CABGY) saw unusually-high trading volume on Tuesday . Approximately 374,170 shares traded hands during trading, an increase of 477% from the previous session’s volume of 64,886 shares.The stock last traded at $24.88 and had previously closed at $24.37.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CABGY shares. BNP Paribas Exane raised Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Berenberg Bank upgraded Carlsberg AS from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. UBS Group raised Carlsberg AS from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 3rd. Finally, Zacks Research upgraded Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Carlsberg AS has a consensus rating of “Buy”.

Carlsberg AS Stock Up 1.2%

The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 2.00. The company’s fifty day moving average price is $28.33 and its 200-day moving average price is $26.06.

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.