Carlsberg AS (OTCMKTS:CABGY) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Carlsberg AS shares currently have an average recommendation of "Hold" from six brokerages, with one analyst rating it as a sell and one as a strong buy.
• Zacks Research recently downgraded Carlsberg AS from a "strong-buy" rating to a "hold" rating on August 18th.
• The stock has traded down 0.8%, with a 1-year low of $18.21 and a high of $30.22.

Shares of Carlsberg AS (OTCMKTS:CABGY - Get Free Report) have earned an average recommendation of "Hold" from the six analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.

Separately, Zacks Research lowered Carlsberg AS from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th.

Carlsberg AS Trading Down 0.7%

Shares of OTCMKTS CABGY traded down $0.16 during midday trading on Friday, reaching $23.68. 10,871 shares of the stock traded hands, compared to its average volume of 150,465. The company has a quick ratio of 0.44, a current ratio of 0.57 and a debt-to-equity ratio of 0.89. The company's 50 day moving average is $25.36 and its 200 day moving average is $26.59. Carlsberg AS has a one year low of $18.21 and a one year high of $30.22.

About Carlsberg AS

Carlsberg A/S produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers core, craft, and specialty beers; soft drinks; and alcohol-free brews under various brands. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.