Carlsberg AS (OTCMKTS:CABGY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Carlsberg AS (OTCMKTS:CABGY) from a hold rating to a buy rating in a research report report published on Monday, Marketbeat reports.

CABGY has been the topic of several other research reports. Zacks Research upgraded 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 shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, UBS Group raised shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Carlsberg AS has a consensus rating of “Buy”.

Carlsberg AS Stock Performance

Shares of CABGY stock opened at $25.78 on Monday. The stock’s fifty day simple moving average is $28.71 and its 200 day simple moving average is $26.04. Carlsberg AS has a one year low of $23.10 and a one year high of $32.16. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00.

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.