Carlsberg AS (OTCMKTS:CABGY) Sees Large Volume Increase – Still a Buy?

Carlsberg AS (OTCMKTS:CABGY) saw strong trading volume on Tuesday . 324,615 shares traded hands during trading, an increase of 411% from the previous session’s volume of 63,533 shares.The stock last traded at $26.74 and had previously closed at $27.34.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Zacks Research cut Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Berenberg Bank raised Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Carlsberg AS Stock Performance

The firm has a 50 day moving average price of $26.00 and a 200 day moving average price of $26.68. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.46.

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.