Carlsberg AS (OTCMKTS:CABGY) Upgraded at BNP Paribas

BNP Paribas upgraded shares of Carlsberg AS (OTCMKTS:CABGY) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, UBS Group upgraded shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Carlsberg AS has an average rating of “Buy”.

Carlsberg AS Trading Up 2.3%

Shares of Carlsberg AS stock opened at $26.91 on Monday. Carlsberg AS has a 12-month low of $18.82 and a 12-month high of $30.22. The company has a 50-day simple moving average of $25.37 and a 200 day simple moving average of $25.21. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 2.41.

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.