Carlsberg AS (OTCMKTS:CABGY) Raised to Buy at UBS Group

Carlsberg AS (OTCMKTS:CABGY) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a report issued on Wednesday, Marketbeat Ratings reports.

Separately, Zacks Research lowered Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Carlsberg AS Trading Down 0.8%

Shares of CABGY opened at $25.39 on Wednesday. The firm’s 50 day moving average price is $24.18 and its 200 day moving average price is $25.73. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 2.41. Carlsberg AS has a twelve month low of $18.21 and a twelve month high of $30.22.

About Carlsberg AS

Carlsberg A/S produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers core, craft, and specialty beers; soft drinks; and alcohol-free brews under various brands. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.