Carlsberg AS (OTCMKTS:CABGY) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Carlsberg AS (OTCMKTS:CABGY) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

A number of other analysts have also recently issued reports on CABGY. Berenberg Bank raised Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. BNP Paribas Exane raised Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Carlsberg AS presently has an average rating of “Moderate Buy”.

Carlsberg AS Price Performance

Shares of OTCMKTS CABGY opened at $26.74 on Wednesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.46. Carlsberg AS has a 52-week low of $23.10 and a 52-week high of $32.16. The business has a 50-day moving average price of $28.19 and a 200 day moving average price of $26.12.

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.