Zacks Investment Research downgraded shares of Carlsberg A/S (OTCMKTS:CABGY) from a hold rating to a strong sell rating in a research report report published on Wednesday, Zacks.com reports.

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. “

Several other equities analysts have also weighed in on CABGY. Berenberg Bank reiterated a buy rating on shares of Carlsberg A/S in a report on Tuesday, February 9th. Deutsche Bank Aktiengesellschaft reiterated a buy rating on shares of Carlsberg A/S in a report on Wednesday, March 17th. Barclays reiterated an overweight rating on shares of Carlsberg A/S in a report on Monday, February 8th. Royal Bank of Canada lowered shares of Carlsberg A/S from an outperform rating to a sector perform rating in a report on Tuesday, February 9th. Finally, UBS Group restated a buy rating on shares of Carlsberg A/S in a report on Tuesday, January 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. Carlsberg A/S presently has a consensus rating of Buy and a consensus price target of $28.00.

OTCMKTS:CABGY opened at $31.96 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.67 and a quick ratio of 0.52. The firm has a market capitalization of $23.65 billion, a price-to-earnings ratio of 26.19 and a beta of 0.87. The company’s 50-day moving average is $31.85 and its two-hundred day moving average is $30.09. Carlsberg A/S has a 1-year low of $22.32 and a 1-year high of $33.08.

The business also recently disclosed an annual dividend, which was paid on Thursday, March 25th. Stockholders of record on Wednesday, March 17th were issued a $0.481 dividend. This is a positive change from Carlsberg A/S’s previous annual dividend of $0.42. This represents a dividend yield of 1.53%. The ex-dividend date was Tuesday, March 16th. Carlsberg A/S’s dividend payout ratio is currently 39.34%.

About Carlsberg A/S

Carlsberg A/S engages in the production and sale of beer and other beverage products in Western Europe, Eastern Europe, and Asia. It offers core, and craft and specialty beers; and alcohol-free brews. The company provides its products primarily under the Carlsberg, Tuborg, Ringnes, Lvivske, Wusu, 1664 Blanc, Grimbergen, Baltika, and other brand names.

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