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

Carlsberg AS (OTCMKTS:CABGY) has been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and three have given a strong buy recommendation to the company.

A number of research firms recently commented on CABGY. Zacks Research raised Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. UBS Group upgraded shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. Finally, BNP Paribas Exane raised shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th.

Carlsberg AS Price Performance

Shares of CABGY opened at $29.67 on Wednesday. The stock’s 50-day moving average price is $28.34 and its two-hundred day moving average price is $25.78. Carlsberg AS has a 12 month low of $23.10 and a 12 month high of $32.16. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00.

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.