Carlsberg AS (OTCMKTS:CABGY) Cut to Hold at Zacks Research

Key Points

• Zacks Research downgraded Carlsberg from a "strong-buy" to a "hold", while other firms have mixed views (Berenberg to Buy, BNP Paribas Exane to Strong-Buy), leaving an average analyst rating of "Moderate Buy".
• Carlsberg opened at $26.74 and trades in a 1-year range of $23.10–$32.16; its 50‑day and 200‑day simple moving averages are $28.19 and $26.12, and the company shows low short-term liquidity (current ratio 0.60, quick ratio 0.46) with a high debt-to-equity ratio of 2.00.

Carlsberg AS (OTCMKTS:CABGY - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Berenberg Bank upgraded shares of Carlsberg AS from a "hold" rating to a "buy" rating in a research note on Monday, March 16th. BNP Paribas Exane upgraded shares of Carlsberg AS from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Carlsberg AS currently has an average rating of "Moderate Buy".

Carlsberg AS Price Performance

Carlsberg AS stock opened at $26.74 on Wednesday. Carlsberg AS has a 1-year low of $23.10 and a 1-year high of $32.16. 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 firm has a 50 day simple moving average of $28.19 and a 200 day simple moving average of $26.12.

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.

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