Carlsberg A/S (OTCMKTS:CABGY) Shares Up 2% – Should You Buy?

Carlsberg A/S (OTCMKTS:CABGY)’s stock price shot up 2% during mid-day trading on Thursday . The company traded as high as $24.27 and last traded at $24.24. 51,126 shares traded hands during trading, a decline of 82% from the average session volume of 285,740 shares. The stock had previously closed at $23.77.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CABGY. BNP Paribas cut Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barclays cut Carlsberg A/S from a “hold” rating to a “strong sell” rating in a report on Thursday, November 14th.

Carlsberg A/S Price Performance

The stock has a fifty day simple moving average of $20.56 and a two-hundred day simple moving average of $21.73. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.57 and a quick ratio of 0.46.

About Carlsberg A/S

Carlsberg A/S produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers core, craft, and specialty beers; soft drinks; and alcohol-free brews under various brands. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.