Carlsberg AS (OTCMKTS:CABGY) Sees Large Volume Increase - Here's What Happened

Carlsberg AS (OTCMKTS:CABGY - Get Free Report) shares saw an uptick in trading volume on Monday . 302,900 shares were traded during mid-day trading, an increase of 59% from the previous session's volume of 190,212 shares.The stock last traded at $28.34 and had previously closed at $28.72.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CABGY. Royal Bank Of Canada raised Carlsberg AS from a "sector perform" rating to an "outperform" rating in a report on Friday, March 14th. Hsbc Global Res downgraded Carlsberg AS from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Berenberg Bank raised Carlsberg AS to a "strong-buy" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Carlsberg AS has a consensus rating of "Hold".

Carlsberg AS Stock Performance

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 has a 50-day moving average price of $28.21 and a 200-day moving average price of $24.99.

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.