Carlsberg AS (OTCMKTS:CABGY) Stock Price Down 0% – What’s Next?

Carlsberg AS (OTCMKTS:CABGY)’s share price dropped 0% during trading on Friday . The stock traded as low as $25.90 and last traded at $25.9850. Approximately 23,660 shares changed hands during trading, a decline of 35% from the average daily volume of 36,293 shares. The stock had previously closed at $25.9890.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Carlsberg AS from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Carlsberg AS Trading Down 0.0%

The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 2.41. The stock has a 50 day moving average price of $24.88 and a 200-day moving average price of $25.38.

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.