Carlsberg AS (OTCMKTS:CABGY) Shares Up 1.8% - Here's Why

Shares of Carlsberg AS (OTCMKTS:CABGY - Get Free Report) were up 1.8% during trading on Thursday . The company traded as high as $27.70 and last traded at $27.57. Approximately 70,009 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 251,216 shares. The stock had previously closed at $27.09.

Analyst Upgrades and Downgrades

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

Carlsberg AS Stock Up 1.8%

The stock's fifty day moving average is $27.92 and its 200-day moving average is $24.31. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.57 and a quick ratio of 0.44.

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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