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

Carlsberg AS (OTCMKTS:CABGY) shares saw an uptick in trading volume on Wednesday . 117,161 shares changed hands during trading, an increase of 72% from the previous session’s volume of 68,010 shares.The stock last traded at $25.8550 and had previously closed at $26.19.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CABGY. Berenberg Bank upgraded shares of Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. Zacks Research lowered shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Carlsberg AS Trading Down 1.5%

The firm has a fifty day moving average price of $26.14 and a 200 day moving average price of $26.80. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.46 and a current ratio of 0.60.

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.