Carlsberg A/S (OTCMKTS:CABGY) Given Average Recommendation of “Hold” by Brokerages

Carlsberg A/S (OTCMKTS:CABGY – Get Rating) has been given an average rating of “Hold” by the ten brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $1,057.40.

Several brokerages recently commented on CABGY. Citigroup upgraded Carlsberg A/S from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. Sanford C. Bernstein cut Carlsberg A/S from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 18th. Finally, Kepler Capital Markets cut Carlsberg A/S from a “hold” rating to a “reduce” rating in a report on Tuesday, May 9th.

Carlsberg A/S Price Performance

Shares of CABGY stock opened at $32.85 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.70 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $31.57 and a 200-day simple moving average of $28.53. Carlsberg A/S has a 1-year low of $22.91 and a 1-year high of $33.70.

Carlsberg A/S Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 23rd. Investors of record on Wednesday, March 15th were paid a dividend of $0.5253 per share. This represents a yield of 1.82%. The ex-dividend date was Tuesday, March 14th. This is an increase from Carlsberg A/S’s previous dividend of $0.49.

Carlsberg A/S Company Profile

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Carlsberg A/S engages in the production and marketing of beer, craft and specialty, and non-alcoholic beer. Its products include Carlsberg, Tuborg Green, 1664 Blanc, Baltika, and Somersby Apple Cider. It operates through the following geographical segments: Western Europe, Asia, and Central and Eastern Europe.