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

Carlsberg AS (OTCMKTS:CABGY) shares saw an uptick in trading volume on Friday . 128,435 shares changed hands during mid-day trading, an increase of 240% from the previous session’s volume of 37,792 shares.The stock last traded at $26.6250 and had previously closed at $26.92.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BNP Paribas raised shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research report on Monday. UBS Group upgraded Carlsberg AS from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Carlsberg AS has a consensus rating of “Buy”.

Carlsberg AS Price Performance

The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.54 and a current ratio of 0.70. The business has a 50 day moving average of $25.42 and a 200 day moving average of $25.22.

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.