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

Key Points

• Carlsberg AS (OTCMKTS:CABGY) has received an average analyst recommendation of "Hold" from six brokerages, with one sell rating and a mix of hold, buy, and strong buy ratings.
• Shares of Carlsberg AS saw a 1.0% increase, trading at $24.29, with a 50-day moving average of $27.11 and a 200-day moving average of $26.50.
• Zacks Research and HSBC Global Research both downgraded Carlsberg AS from a "strong-buy" to a "hold" rating recently.

Shares of Carlsberg AS (OTCMKTS:CABGY - Get Free Report) have been assigned an average recommendation of "Hold" from the six brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

CABGY has been the subject of a number of research reports. Zacks Research cut shares of Carlsberg AS from a "strong-buy" rating to a "hold" rating in a research report on Monday. Hsbc Global Res cut shares of Carlsberg AS from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

Carlsberg AS Stock Up 1.0%

CABGY traded up $0.23 during midday trading on Wednesday, reaching $24.29. 25,395 shares of the company's stock were exchanged, compared to its average volume of 164,148. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.44 and a current ratio of 0.57. The business's 50-day moving average price is $27.11 and its 200 day moving average price is $26.50. Carlsberg AS has a 1-year low of $18.21 and a 1-year high of $30.22.

Carlsberg AS 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.

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