Carlsberg AS (OTCMKTS:CABGY) Reaches New 12-Month High – Here’s What Happened

Carlsberg AS (OTCMKTS:CABGY)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $31.7399 and last traded at $31.68, with a volume of 44393 shares changing hands. The stock had previously closed at $31.05.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group raised shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 3rd. Zacks Research upgraded shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Finally, BNP Paribas Exane raised Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Three equities research 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 company’s stock. According to MarketBeat.com, Carlsberg AS currently has a consensus rating of “Buy”.

Carlsberg AS Price Performance

The company has a 50-day moving average of $26.83 and a 200-day moving average of $25.20. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 2.41.

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.