Carlsberg AS (OTCMKTS:CABGY – Get Free Report) was downgraded by research analysts at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.
Carlsberg AS Stock Performance
Shares of OTCMKTS CABGY opened at $26.77 on Monday. Carlsberg AS has a 12 month low of $23.10 and a 12 month high of $32.16. The firm’s 50 day simple moving average is $28.08 and its 200-day simple moving average is $27.11. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00.
Carlsberg AS Company Profile
Carlsberg A/S is a Danish brewing and beverage company founded in 1847 by brewer J.C. Jacobsen. Headquartered in Copenhagen, the company developed from the original Carlsberg brewery into an international group serving consumers across Europe and Asia.
The company’s core business is the production, marketing and distribution of beer and other beverages. Its portfolio includes Carlsberg, Tuborg, 1664, Grimbergen and Somersby, along with a range of local and regional beer brands. Carlsberg also offers alcohol-free beer, ciders and soft drinks in selected markets.
Carlsberg sells its products through retail, hospitality and other distribution channels in numerous countries.
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