Jefferies Financial Group lowered shares of Carlsberg AS (OTCMKTS:CABGY – Free Report) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks reports.
Carlsberg AS Stock Up 2.1%
CABGY stock opened at $26.77 on Monday. Carlsberg AS has a 1-year low of $23.10 and a 1-year high of $32.16. The business’s 50 day moving average is $28.08 and its 200-day moving average is $27.11. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 2.00.
About Carlsberg AS
Carlsberg A/S is a Danish brewing and beverage company founded in 1847 by brewer J.C. Jacobsen. Headquartered in Copenhagen, the company developed from the original Carlsberg brewery into an international group serving consumers across Europe and Asia.
The company’s core business is the production, marketing and distribution of beer and other beverages. Its portfolio includes Carlsberg, Tuborg, 1664, Grimbergen and Somersby, along with a range of local and regional beer brands. Carlsberg also offers alcohol-free beer, ciders and soft drinks in selected markets.
Carlsberg sells its products through retail, hospitality and other distribution channels in numerous countries.
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