Carlsberg A/S (OTCMKTS:CABGY) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Carlsberg A/S (OTCMKTS:CABGY – Get Rating) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report issued on Wednesday, The Fly reports.

Other equities research analysts also recently issued research reports about the company. DNB Markets raised Carlsberg A/S from a “hold” rating to a “buy” rating in a research report on Monday, February 7th. Zacks Investment Research downgraded Carlsberg A/S from a “hold” rating to a “strong sell” rating in a research report on Monday, January 17th. Berenberg Bank raised Carlsberg A/S from a “sell” rating to a “hold” rating in a research report on Monday, March 14th. Morgan Stanley boosted their price target on Carlsberg A/S from 900.00 to 925.00 and gave the company an “equal weight” rating in a research report on Monday, April 11th. Finally, JPMorgan Chase & Co. lowered their price target on Carlsberg A/S from 1,050.00 to 925.00 in a research report on Monday, March 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $840.86.

Shares of OTCMKTS:CABGY opened at $24.87 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.53 and a debt-to-equity ratio of 0.47. Carlsberg A/S has a 52 week low of $22.57 and a 52 week high of $38.75. The business has a fifty day simple moving average of $25.56 and a 200-day simple moving average of $30.59.

About Carlsberg A/S (Get Rating)

Carlsberg A/S produces and sells beer and other beverage products in Denmark. It offers core, and craft and specialty beers; and alcohol-free brews. The company provides its products primarily under the Carlsberg, Tuborg, Feldschlösschen, Baltika, Chongqing, 1664 Blanc, Grimbergen, Ringnes, and Somersby brand names.

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