Carlsberg AS (OTCMKTS:CABGY) Shares Gap Up – Should You Buy?

Shares of Carlsberg AS (OTCMKTS:CABGY) gapped up prior to trading on Thursday . The stock had previously closed at $26.16, but opened at $27.77. Carlsberg AS shares last traded at $27.89, with a volume of 2,824 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CABGY. Berenberg Bank raised shares of Carlsberg AS from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. Zacks Research lowered shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Carlsberg AS has a consensus rating of “Buy”.

Carlsberg AS Stock Up 5.1%

The company has a 50 day moving average price of $26.33 and a 200-day moving average price of $27.00. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00.

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.