Carlsberg AS (OTCMKTS:CABGY) Shares Gap Up – Here’s What Happened

Shares of Carlsberg AS (OTCMKTS:CABGY) gapped up before the market opened on Monday. The stock had previously closed at $28.00, but opened at $30.01. Carlsberg AS shares last traded at $30.15, with a volume of 2,003 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Jefferies Financial Group cut Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Barclays upgraded shares of Carlsberg AS from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Carlsberg AS Trading Up 3.4%

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.51 and a current ratio of 0.66. The business has a 50 day moving average price of $27.08 and a 200 day moving average price of $27.38.

Carlsberg AS Company Profile

Carlsberg A/S is a Denmark-based brewing company headquartered in Copenhagen. Founded in 1847 by brewer J.C. Jacobsen, the company has grown into an international beverage group with operations across Europe and Asia. Carlsberg is also associated with the Carlsberg Research Laboratory, established to support advances in brewing science.

The company’s portfolio includes beer, alcohol-free beer, ciders, and other ready-to-drink beverages. Its principal brands include Carlsberg, Tuborg, 1664, Grimbergen, and Somersby, alongside a range of local and regional brands.