Carlsberg AS (OTCMKTS:CABGY) Upgraded by Berenberg Bank to “Buy” Rating

Berenberg Bank upgraded shares of Carlsberg AS (OTCMKTS:CABGY) from a hold rating to a buy rating in a report issued on Monday, MarketBeat.com reports.

A number of other equities research analysts have also recently commented on CABGY. Zacks Research upgraded Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. BNP Paribas Exane raised Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, UBS Group raised Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Carlsberg AS Trading Up 1.7%

CABGY opened at $27.42 on Monday. Carlsberg AS has a fifty-two week low of $23.10 and a fifty-two week 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. The company has a fifty day moving average of $28.68 and a two-hundred day moving average of $26.02.

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.