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Carlsberg AS (OTCMKTS:CABGY) Stock Price Up 3.2% - Here's Why

Carlsberg AS logo with Consumer Staples background

Key Points

  • Carlsberg AS's stock price increased by 3.2%, reaching a trading high of $25.12, despite a significant decrease in volume.
  • Zacks Research downgraded Carlsberg from a "strong-buy" to a "hold" rating, with current consensus ratings showing mixed analyst opinions.
  • The company has a 50-day moving average of $24.03 and a 200-day moving average of $26.27, indicating recent price performance trends.
  • Five stocks we like better than Carlsberg AS.

Carlsberg AS (OTCMKTS:CABGY - Get Free Report)'s stock price rose 3.2% during mid-day trading on Friday . The company traded as high as $25.12 and last traded at $25.12. Approximately 8,429 shares were traded during trading, a decline of 94% from the average daily volume of 141,494 shares. The stock had previously closed at $24.35.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Carlsberg AS from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Check Out Our Latest Stock Report on Carlsberg AS

Carlsberg AS Price Performance

The stock has a 50 day moving average of $24.03 and a two-hundred day moving average of $26.27.

About Carlsberg AS

(Get Free Report)

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.

See Also

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