Carlsberg AS (OTCMKTS:CABGY) Shares Climb 0.7% – What’s Next?

Carlsberg AS (OTCMKTS:CABGY) shares shot up 0.7% during mid-day trading on Tuesday. The stock traded as high as $26.01 and last traded at $25.89. Approximately 43,709 shares were traded during mid-day trading, an increase of 18% from the average session volume of 36,981 shares. The stock had previously closed at $25.71.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Carlsberg AS currently has a consensus rating of “Moderate Buy”.

Carlsberg AS Stock Up 0.9%

The firm’s 50 day moving average is $27.28 and its 200 day moving average is $26.82.

Carlsberg AS Company Profile

Carlsberg A/S is a Denmark-based brewing company and the parent of the Carlsberg Group. Founded in 1847 by brewer J.C. Jacobsen, the company has grown from its original brewery in Copenhagen into an international beverage business serving consumers across Europe and Asia, as well as other markets worldwide.

The company’s portfolio includes Carlsberg, Tuborg, 1664, Grimbergen, Somersby and other regional and local beer brands. In addition to traditional lager and specialty beers, Carlsberg produces cider, alcohol-free beverages and selected soft drinks.