Carlsberg AS (OTCMKTS:CABGY) Sees Unusually-High Trading Volume – Time to Buy?

Carlsberg AS (OTCMKTS:CABGY) shares saw an uptick in trading volume on Tuesday . 374,170 shares traded hands during mid-day trading, an increase of 477% from the previous session’s volume of 64,886 shares.The stock last traded at $24.88 and had previously closed at $24.37.

Analysts Set New Price Targets

Several equities analysts have commented on CABGY shares. Zacks Research upgraded shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. UBS Group raised Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. Berenberg Bank upgraded Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. Finally, BNP Paribas Exane raised Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy”.

Carlsberg AS Price Performance

The stock’s fifty day simple moving average is $28.39 and its 200-day simple moving average is $26.06. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.46.

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.