Carlsberg AS (OTCMKTS:CABGY) Sees Unusually-High Trading Volume – Here’s Why

Carlsberg AS (OTCMKTS:CABGY) shares saw an uptick in trading volume on Thursday . Approximately 68,227 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 66,101 shares.The stock last traded at $25.36 and had previously closed at $25.72.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Berenberg Bank upgraded Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. Zacks Research lowered Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Carlsberg AS has a consensus rating of “Buy”.

Carlsberg AS Stock Performance

The company has a fifty day simple moving average of $26.32 and a 200-day simple moving average of $26.92. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.46.

About Carlsberg AS

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.