Carlsberg AS (OTCMKTS:CABGY) Sees Unusually-High Trading Volume – Time to Buy?

Carlsberg AS (OTCMKTS:CABGY) saw strong trading volume on Tuesday . 101,751 shares were traded during mid-day trading, an increase of 37% from the previous session’s volume of 74,481 shares.The stock last traded at $27.07 and had previously closed at $26.91.

Analyst Ratings Changes

CABGY has been the subject of several analyst reports. BNP Paribas Exane upgraded shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. UBS Group upgraded shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Carlsberg AS currently has an average rating of “Buy”.

Carlsberg AS Stock Performance

The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 2.41. The business’s 50 day moving average is $25.96 and its 200-day moving average is $25.11.

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.