Carlsberg A/S (CABGY) Downgraded by Zacks Investment Research
Carlsberg A/S (NASDAQ:CABGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.
According to Zacks, “Carlsberg A/S is a brewing company and has operations in Northern & Western Europe, Eastern Europe and Asia. Its beer portfolio includes more than 500 brands. The company offers its products primarily under the Carlsberg, Tuborg, Baltika, and Kronenbourg 1664 names and local brands such as Ringnes in Norway, Feldschlösschen in Switzerland, Lav in Serbia, and Wusu in western China. Carlsberg A/S is based in Copenhagen, Denmark. “
A number of other equities research analysts also recently issued reports on the stock. Liberum Capital assumed coverage on shares of Carlsberg A/S in a report on Monday, October 3rd. They issued a “buy” rating for the company. Jefferies Group assumed coverage on shares of Carlsberg A/S in a report on Tuesday, September 13th. They issued a “hold” rating for the company. RBC Capital Markets downgraded shares of Carlsberg A/S from an “outperform” rating to a “sector perform” rating in a report on Monday, August 22nd. Royal Bank Of Canada downgraded shares of Carlsberg A/S from an “outperform” rating to a “sector perform” rating in a report on Monday, August 22nd. Finally, Credit Suisse Group AG downgraded shares of Carlsberg A/S from a “neutral” rating to an “underperform” rating in a research note on Friday, August 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold”.
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Shares of Carlsberg A/S (NASDAQ:CABGY) traded up 0.11% during midday trading on Monday, hitting $18.16. 56,841 shares of the stock were exchanged. Carlsberg A/S has a 12-month low of $15.04 and a 12-month high of $20.69. The firm has a 50 day moving average of $18.78 and a 200 day moving average of $19.10. The firm’s market cap is $13.85 billion.
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