Carlsberg A/S (OTCMKTS:CABGY) Hits New 1-Year High - Here's What Happened

Carlsberg A/S (OTCMKTS:CABGY - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $30.22 and last traded at $29.25, with a volume of 114193 shares traded. The stock had previously closed at $28.69.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank of Canada upgraded shares of Carlsberg A/S from a "sector perform" rating to an "outperform" rating in a research note on Friday, March 14th. Berenberg Bank upgraded shares of Carlsberg A/S to a "strong-buy" rating in a research note on Wednesday, April 2nd. Finally, Hsbc Global Res lowered shares of Carlsberg A/S from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold".

Carlsberg A/S Trading Up 1.2%

The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 0.89. The business's 50 day simple moving average is $27.15 and its 200 day simple moving average is $23.72.

Carlsberg A/S Company Profile

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.