Carlsberg A/S (OTCMKTS:CABGY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Carlsberg A/S (OTCMKTS:CABGYGet Rating) from a strong sell rating to a hold rating in a report published on Monday, Zacks.com reports.

According to Zacks, “Carlsberg A/S is a brewing company and has operations in Northern & Western Europe, Eastern Europe and Asia. Its beer portfolio includes more than 500 brands. The company offers its products primarily under the Carlsberg, Tuborg, Baltika, and Kronenbourg 1664 names and local brands such as Ringnes in Norway, Feldschlösschen in Switzerland, Lav in Serbia, and Wusu in western China. Carlsberg A/S is based in Copenhagen, Denmark. “

A number of other brokerages also recently commented on CABGY. Berenberg Bank raised shares of Carlsberg A/S from a sell rating to a hold rating in a research report on Monday, March 14th. DNB Markets raised shares of Carlsberg A/S from a hold rating to a buy rating in a research report on Monday, February 7th. JPMorgan Chase & Co. decreased their target price on shares of Carlsberg A/S from 1,050.00 to 925.00 in a research report on Monday, March 14th. Barclays decreased their target price on shares of Carlsberg A/S from 1,103.00 to 1,023.00 and set an overweight rating for the company in a research report on Wednesday, May 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Carlsberg A/S from a hold rating to a buy rating in a research report on Wednesday, April 27th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of $833.71.

Shares of CABGY opened at $25.71 on Monday. The company’s 50 day moving average price is $24.54 and its 200 day moving average price is $29.74. Carlsberg A/S has a 52 week low of $22.57 and a 52 week high of $38.75. The company has a quick ratio of 0.40, a current ratio of 0.53 and a debt-to-equity ratio of 0.47.

The business also recently announced a dividend, which was paid on Thursday, March 24th. Investors of record on Wednesday, March 16th were paid a dividend of $0.4875 per share. This represents a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, March 15th.

Carlsberg A/S Company Profile (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.

Further Reading

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Analyst Recommendations for Carlsberg A/S (OTCMKTS:CABGY)

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