Carlsberg AS (OTCMKTS:CABGY – Get Free Report) was downgraded by stock analysts at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.
Carlsberg AS Price Performance
OTCMKTS:CABGY opened at $26.77 on Monday. The stock has a 50 day moving average of $28.08 and a two-hundred day moving average of $27.11. Carlsberg AS has a 12 month low of $23.10 and a 12 month high of $32.16. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 2.00.
About Carlsberg AS
Carlsberg A/S is a Danish brewing and beverage company founded in 1847 by brewer J.C. Jacobsen. Headquartered in Copenhagen, the company developed from the original Carlsberg brewery into an international group serving consumers across Europe and Asia.
The company’s core business is the production, marketing and distribution of beer and other beverages. Its portfolio includes Carlsberg, Tuborg, 1664, Grimbergen and Somersby, along with a range of local and regional beer brands. Carlsberg also offers alcohol-free beer, ciders and soft drinks in selected markets.
Carlsberg sells its products through retail, hospitality and other distribution channels in numerous countries.
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