Carlsberg AS (OTCMKTS:CABGY) Shares Gap Up – Here’s Why

Carlsberg AS (OTCMKTS:CABGY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $26.16, but opened at $27.77. Carlsberg AS shares last traded at $27.89, with a volume of 2,824 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on CABGY. Zacks Research lowered shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Berenberg Bank upgraded shares of Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Carlsberg AS Trading Up 5.1%

The firm has a 50-day moving average of $26.33 and a two-hundred day moving average of $27.00. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 2.00.

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.