Carlsberg AS (OTCMKTS:CABGY) Stock Rating Upgraded by Berenberg Bank

Carlsberg AS (OTCMKTS:CABGY) was upgraded by Berenberg Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat reports.

Several other research firms have also issued reports on CABGY. Zacks Research upgraded Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. UBS Group upgraded Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. Finally, BNP Paribas Exane upgraded Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Two 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Carlsberg AS Stock Performance

CABGY opened at $26.97 on Monday. The company has a fifty day moving average price of $28.64 and a two-hundred day moving average price of $26.00. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00. Carlsberg AS has a 52 week low of $23.10 and a 52 week 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.