Carlsberg AS (OTCMKTS:CABGY) Sees Large Volume Increase – Time to Buy?

Carlsberg AS (OTCMKTS:CABGY) saw strong trading volume on Tuesday . 374,170 shares changed hands during mid-day trading, an increase of 477% from the previous session’s volume of 64,886 shares.The stock last traded at $24.88 and had previously closed at $24.37.

Analysts Set New Price Targets

Several brokerages recently weighed in on CABGY. Zacks Research raised shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Berenberg Bank raised shares of Carlsberg AS from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. UBS Group upgraded shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. Finally, BNP Paribas Exane raised shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Two investment 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, the stock currently has an average rating of “Buy”.

Carlsberg AS Stock Up 1.8%

The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 2.00. The business has a 50 day simple moving average of $28.39 and a two-hundred day simple moving average of $26.06.

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.