Carlsberg AS (OTCMKTS:CABGY) Stock Price Down 5.1% – What’s Next?

Carlsberg AS (OTCMKTS:CABGY)’s stock price was down 5.1% during trading on Thursday . The company traded as low as $23.87 and last traded at $23.87. Approximately 1,924 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 77,794 shares. The stock had previously closed at $25.15.

Analyst Upgrades and Downgrades

CABGY has been the topic of a number of research reports. BNP Paribas Exane upgraded shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. UBS Group upgraded Carlsberg AS from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. Berenberg Bank raised Carlsberg AS from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. Finally, Zacks Research upgraded Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Two 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Carlsberg AS Trading Down 0.8%

The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.46 and a current ratio of 0.60. The stock’s 50-day simple moving average is $28.33 and its two-hundred day simple moving average is $26.06.

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.