Carlsberg AS (OTCMKTS:CABGY) Receives Consensus Rating of “Buy” from Brokerages

Carlsberg AS (OTCMKTS:CABGY) has received an average recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company.

CABGY has been the subject of several research analyst reports. BNP Paribas Exane upgraded shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. UBS Group raised Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd.

Carlsberg AS Stock Performance

OTCMKTS CABGY opened at $30.58 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.54 and a current ratio of 0.70. Carlsberg AS has a 52-week low of $21.85 and a 52-week high of $30.58. The company has a 50-day simple moving average of $26.47 and a 200 day simple moving average of $25.16.

Carlsberg AS Company Profile

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.