Carlsberg AS (OTCMKTS:CABGY) Given Average Rating of “Buy” by Brokerages

Carlsberg AS (OTCMKTS:CABGY) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company.

Several research analysts recently issued reports on CABGY shares. BNP Paribas raised shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. UBS Group raised shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd.

Carlsberg AS Price Performance

Shares of CABGY opened at $26.57 on Tuesday. Carlsberg AS has a 52-week low of $19.15 and a 52-week high of $30.22. The business’s 50 day moving average price is $25.46 and its two-hundred day moving average price is $25.19. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.70 and a quick ratio of 0.54.

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.