Carlsberg AS (OTCMKTS:CABGY) Sees Unusually-High Trading Volume – Here’s What Happened

Carlsberg AS (OTCMKTS:CABGY) saw an uptick in trading volume on Thursday . 330,376 shares traded hands during mid-day trading, an increase of 454% from the previous session’s volume of 59,649 shares.The stock last traded at $30.96 and had previously closed at $31.31.

Wall Street Analysts Forecast Growth

CABGY has been the subject of a number of recent research reports. Zacks Research raised shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. BNP Paribas Exane upgraded Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, UBS Group raised Carlsberg AS from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Carlsberg AS Stock Up 0.5%

The stock has a 50-day moving average price of $28.18 and a two-hundred day moving average price of $25.69. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.54.

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.