Carlsberg AS (OTCMKTS:CABGY) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Carlsberg AS (OTCMKTS:CABGY) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other research firms have also commented on CABGY. Berenberg Bank upgraded shares of Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. BNP Paribas Exane upgraded shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Carlsberg AS currently has a consensus rating of “Moderate Buy”.

Carlsberg AS Price Performance

Shares of CABGY opened at $26.99 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.46 and a current ratio of 0.60. The firm’s 50-day moving average is $28.18 and its two-hundred day moving average is $26.15. Carlsberg AS has a twelve month low of $23.10 and a twelve month high of $32.16.

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.