Carlsberg AS (CABGY) Upgraded by Zacks Investment Research to Hold

Carlsberg AS (OTCMKTS:CABGY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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 research firms have also issued reports on CABGY. Berenberg Bank reaffirmed a “hold” rating on shares of Carlsberg AS in a research note on Monday, September 18th. BNP Paribas lowered Carlsberg AS from an “outperform” rating to a “neutral” rating in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.00.

Carlsberg AS (CABGY) traded up $0.01 during mid-day trading on Wednesday, reaching $24.23. The company had a trading volume of 58,700 shares, compared to its average volume of 50,425. Carlsberg AS has a 12-month low of $17.06 and a 12-month high of $24.22. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.44 and a current ratio of 0.56.

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About Carlsberg AS

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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