Carlsberg AS (OTCMKTS:CABGY) Given Average Rating of “Buy” by Brokerages

Shares of Carlsberg AS (OTCMKTS:CABGY) have earned a consensus recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company.

A number of research analysts recently weighed in on CABGY shares. BNP Paribas Exane upgraded shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. UBS Group raised Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd.

Carlsberg AS Trading Up 3.0%

OTCMKTS CABGY opened at $30.58 on Friday. The company’s 50 day moving average is $26.47 and its 200-day moving average is $25.16. Carlsberg AS has a 12-month low of $21.85 and a 12-month high of $30.58. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.70 and a quick ratio of 0.54.

Carlsberg AS Company Profile

Carlsberg A/S is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen. The company is primarily engaged in the brewing, marketing and distribution of beer, cider and related beverages. Its portfolio comprises global and regional beer brands, led by the Carlsberg and Tuborg names, alongside a range of local brands tailored to specific markets. Carlsberg also operates maltings and brewing facilities and provides packaging and logistics services that support its beverage operations.

Carlsberg sells products across Europe and Asia and maintains a presence in numerous other markets through wholly owned subsidiaries, joint ventures and export arrangements.