Carlsberg AS (OTCMKTS:CABGY) Sees Strong Trading Volume – Time to Buy?

Shares of Carlsberg AS (OTCMKTS:CABGY) saw strong trading volume on Wednesday . 117,161 shares were traded during trading, an increase of 72% from the previous session’s volume of 68,010 shares.The stock last traded at $25.8550 and had previously closed at $26.19.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Berenberg Bank raised Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. Zacks Research cut shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carlsberg AS presently has a consensus rating of “Buy”.

Carlsberg AS Price Performance

The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.46. The firm has a 50-day moving average price of $26.06 and a two-hundred day moving average price of $26.77.

About Carlsberg AS

Carlsberg A/S is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen. The company is primarily engaged in the brewing, marketing and distribution of beer, cider and related beverages. Its portfolio comprises global and regional beer brands, led by the Carlsberg and Tuborg names, alongside a range of local brands tailored to specific markets. Carlsberg also operates maltings and brewing facilities and provides packaging and logistics services that support its beverage operations.

Carlsberg sells products across Europe and Asia and maintains a presence in numerous other markets through wholly owned subsidiaries, joint ventures and export arrangements.