Carlsberg AS (OTCMKTS:CABGY) Receives Average Recommendation of “Buy” from Analysts

Shares of Carlsberg AS (OTCMKTS:CABGY) have been assigned an average rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company.

A number of research analysts have recently issued reports on the stock. 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. Zacks Research upgraded Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Finally, UBS Group raised Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd.

Carlsberg AS Stock Down 0.4%

OTCMKTS:CABGY opened at $27.83 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.46 and a current ratio of 0.60. Carlsberg AS has a 12 month low of $23.10 and a 12 month high of $32.16. The company’s 50-day moving average price is $28.57 and its two-hundred day moving average price is $25.93.

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.