Zacks Investment Research Downgrades Carlsberg A/S (CABGY) to Hold

Carlsberg A/S (NASDAQ:CABGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Carlsberg A/S is a brewing company and has operations in Northern & Western Europe, Eastern Europe and Asia. Its beer portfolio includes more than 500 brands. The company offers its products primarily under the Carlsberg, Tuborg, Baltika, and Kronenbourg 1664 names and local brands such as Ringnes in Norway, Feldschlösschen in Switzerland, Lav in Serbia, and Wusu in western China. Carlsberg A/S is based in Copenhagen, Denmark. “

Other equities research analysts have also recently issued reports about the stock. Jefferies Group began coverage on shares of Carlsberg A/S in a research note on Tuesday, September 13th. They issued a “hold” rating on the stock. Liberum Capital began coverage on shares of Carlsberg A/S in a research note on Monday, October 3rd. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Carlsberg A/S presently has an average rating of “Hold” and a consensus target price of $19.00.

Analyst Recommendations for Carlsberg A/S (NASDAQ:CABGY)

Shares of Carlsberg A/S (NASDAQ:CABGY) traded down 1.76% during midday trading on Tuesday, hitting $17.34. 278,619 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $0.00 and its 200 day moving average price is $0.00. Carlsberg A/S has a one year low of $15.04 and a one year high of $20.69.

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Carlsberg A/S Company Profile

Carlsberg A/S is a Denmark-based company active within the brewing industry. It is primarily engaged in the production, marketing and sale of beer and soft drinks. The Company’s portfolio consists of more than 500 beer brands, including Carlsberg, Kronenbourg, Baltika, Holsten, Tuborg, Lav and Lvivske, among others.

5 Day Chart for NASDAQ:CABGY

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