Carlsberg A/S (NASDAQ:CABGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

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. “

Separately, Barclays PLC downgraded shares of Carlsberg A/S from an “equal weight” rating to an “underweight” rating in a research report on Friday, July 7th.

Carlsberg A/S (NASDAQ:CABGY) traded down 1.85% on Friday, reaching $22.85. 60,358 shares of the company were exchanged. The stock has a market capitalization of $17.43 billion and a price-to-earnings ratio of 22.02. Carlsberg A/S has a 52 week low of $16.30 and a 52 week high of $23.55. The stock has a 50-day moving average price of $22.55 and a 200 day moving average price of $20.71.

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Carlsberg A/S Company Profile

Carlsberg A/S is a Denmark-based company active within the brewing industry. It is primarily engaged in the production, marketing and sale of beer and soft drinks. The Company’s portfolio consists of a range of beer and cider brands, including Carlsberg, Kronenbourg, Baltika, Somersby, Holsten, Tuborg, Lav and Lvivske, among others.

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