Carlsberg A/S (OTCMKTS:CABGY) Sets New 52-Week High – What’s Next?

Shares of Carlsberg A/S (OTCMKTS:CABGY) hit a new 52-week high on Tuesday . The stock traded as high as $29.18 and last traded at $28.91, with a volume of 30005 shares trading hands. The stock had previously closed at $28.70.

Analyst Upgrades and Downgrades

CABGY has been the subject of several analyst reports. Berenberg Bank upgraded shares of Carlsberg A/S to a “strong-buy” rating in a research note on Wednesday, April 2nd. Royal Bank of Canada upgraded shares of Carlsberg A/S from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 14th. Finally, Hsbc Global Res downgraded shares of Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Carlsberg A/S currently has an average rating of “Hold”.

Carlsberg A/S Stock Performance

The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 0.89. The stock’s 50 day simple moving average is $26.68 and its 200 day simple moving average is $23.36.

Carlsberg A/S Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.7593 per share. This is an increase from Carlsberg A/S’s previous dividend of $0.53. The ex-dividend date of this dividend was Wednesday, March 19th.

Carlsberg A/S Company Profile

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.