Hsbc Global Res Downgrades Carlsberg A/S (OTCMKTS:CABGY) to Hold

Carlsberg A/S (OTCMKTS:CABGY) was downgraded by equities researchers at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada raised Carlsberg A/S from a “sector perform” rating to an “outperform” rating in a report on Friday, March 14th. Berenberg Bank upgraded shares of Carlsberg A/S to a “strong-buy” rating in a research 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, the company currently has an average rating of “Hold”.

Carlsberg A/S Trading Down 2.0 %

CABGY opened at $27.55 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 0.89. Carlsberg A/S has a twelve month low of $18.21 and a twelve month high of $29.59. The company has a 50-day simple moving average of $26.18 and a 200 day simple moving average of $22.81.

About Carlsberg A/S

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.