Carlsberg AS (OTCMKTS:CABGY) Rating Increased to Strong-Buy at BNP Paribas

BNP Paribas upgraded shares of Carlsberg AS (OTCMKTS:CABGY) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Separately, UBS Group raised shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Carlsberg AS Stock Performance

OTCMKTS CABGY opened at $26.27 on Monday. The business’s 50 day moving average price is $25.26 and its 200-day moving average price is $25.21. Carlsberg AS has a fifty-two week low of $18.21 and a fifty-two week high of $30.22. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.70 and a quick ratio of 0.54.

Carlsberg AS Company Profile

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.