Zacks Investment Research upgraded shares of CARLSBERG AS/S (OTCMKTS:CABGY) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports. They currently have $30.00 target price on the stock.

According to Zacks, “Carlsberg A/S is a brewing company and has operations in Northern & Western Europe, Eastern Europe and Asia. Its beer portfolio includes more than 500 brands. The company offers its products primarily under the Carlsberg, Tuborg, Baltika, and Kronenbourg 1664 names and local brands such as Ringnes in Norway, Feldschlösschen in Switzerland, Lav in Serbia, and Wusu in western China. Carlsberg A/S is based in Copenhagen, Denmark. “

A number of other brokerages have also recently issued reports on CABGY. Societe Generale reiterated a buy rating on shares of CARLSBERG AS/S in a research note on Thursday, June 4th. ValuEngine upgraded shares of CARLSBERG AS/S from a sell rating to a hold rating in a research note on Tuesday, March 17th. Barclays reiterated an overweight rating on shares of CARLSBERG AS/S in a research note on Wednesday, April 29th. Morgan Stanley assumed coverage on shares of CARLSBERG AS/S in a research note on Monday, April 20th. They issued an overweight rating on the stock. Finally, Sanford C. Bernstein upgraded shares of CARLSBERG AS/S from a market perform rating to an outperform rating in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $30.00.

Shares of CABGY stock opened at $26.81 on Wednesday. CARLSBERG AS/S has a 12 month low of $18.49 and a 12 month high of $31.47. The stock has a market cap of $19.84 billion, a PE ratio of 21.98 and a beta of 0.83. The company has a current ratio of 0.54, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45. The company’s fifty day moving average price is $25.93 and its 200-day moving average price is $26.42.

CARLSBERG AS/S Company Profile

Carlsberg A/S produces and sells beer and other beverage products in Western Europe, Eastern Europe, and Asia. The company provides craft and specialty, and non-alcoholic beers; and soft drinks. It offers its products primarily under the Carlsberg, Baltika, Tuborg, birell, Ringnes, and other local brand names.

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Analyst Recommendations for CARLSBERG AS/S (OTCMKTS:CABGY)

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