Carlsberg AS (OTCMKTS:CABGY) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Carlsberg AS (OTCMKTS:CABGY) have received an average recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating on the company.

A number of equities research analysts have recently issued reports on CABGY shares. Zacks Research raised shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. BNP Paribas Exane raised shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, UBS Group raised shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd.

Carlsberg AS Trading Up 0.7%

Shares of OTCMKTS CABGY opened at $28.46 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. Carlsberg AS has a 52 week low of $23.10 and a 52 week high of $32.16. The business has a 50-day simple moving average of $28.50 and a two-hundred day simple moving average of $25.85.

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.