Brokers Issue Forecasts for Carlsberg A/S’s FY2018 Earnings (CABGY)

Carlsberg A/S (OTCMKTS:CABGY) – Investment analysts at Jefferies Group reduced their FY2018 EPS estimates for shares of Carlsberg A/S in a note issued to investors on Thursday. Jefferies Group analyst E. Mundy now anticipates that the company will earn $1.14 per share for the year, down from their prior estimate of $1.16. Jefferies Group also issued estimates for Carlsberg A/S’s FY2019 earnings at $1.24 EPS and FY2020 earnings at $1.35 EPS.

CABGY has been the subject of a number of other research reports. Zacks Investment Research raised Carlsberg A/S from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Deutsche Bank raised Carlsberg A/S from a “hold” rating to a “buy” rating in a research report on Thursday, January 18th. Finally, Macquarie reissued a “neutral” rating on shares of Carlsberg A/S in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $28.00.

Shares of Carlsberg A/S (OTCMKTS:CABGY) opened at $23.11 on Monday. Carlsberg A/S has a 1 year low of $17.21 and a 1 year high of $26.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.56 and a quick ratio of 0.44.

ILLEGAL ACTIVITY NOTICE: “Brokers Issue Forecasts for Carlsberg A/S’s FY2018 Earnings (CABGY)” was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2018/02/12/brokers-issue-forecasts-for-carlsberg-a-ss-fy2018-earnings-cabgy.html.

About Carlsberg A/S

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.

Receive News & Ratings for Carlsberg A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlsberg A/S and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply