Carlsberg A/S (CABGY) Lowered to Sell at Zacks Investment Research
Carlsberg A/S (NASDAQ:CABGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.
According to Zacks, “Carlsberg A/S is a brewing company and has operations in Northern & Western Europe, Eastern Europe and Asia. Its beer portfolio includes more than 500 brands. The company offers its products primarily under the Carlsberg, Tuborg, Baltika, and Kronenbourg 1664 names and local brands such as Ringnes in Norway, Feldschlösschen in Switzerland, Lav in Serbia, and Wusu in western China. Carlsberg A/S is based in Copenhagen, Denmark. “
A number of other equities analysts have also recently commented on CABGY. Societe Generale cut shares of Carlsberg A/S from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th. Credit Suisse Group AG lowered shares of Carlsberg A/S from a “neutral” rating to an “underperform” rating in a report on Friday, August 19th. Royal Bank Of Canada lowered shares of Carlsberg A/S from an “outperform” rating to a “sector perform” rating in a report on Monday, August 22nd. RBC Capital Markets lowered shares of Carlsberg A/S from an “outperform” rating to a “sector perform” rating in a report on Monday, August 22nd. Finally, Jefferies Group initiated coverage on shares of Carlsberg A/S in a report on Tuesday, September 13th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Carlsberg A/S presently has an average rating of “Hold”.
Shares of Carlsberg A/S (NASDAQ:CABGY) traded up 0.11% during midday trading on Monday, reaching $18.16. 56,841 shares of the company’s stock were exchanged. Carlsberg A/S has a 12-month low of $15.04 and a 12-month high of $20.69. The stock’s 50 day moving average price is $18.78 and its 200 day moving average price is $19.10. The company’s market cap is $13.85 billion.
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