Carlsberg A/S (OTCMKTS:CABGY) Upgraded to “Strong-Buy” at Berenberg Bank

Carlsberg A/S (OTCMKTS:CABGY) was upgraded by equities research analysts at Berenberg Bank to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts have also weighed in on the stock. BNP Paribas lowered shares of Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Royal Bank of Canada upgraded shares of Carlsberg A/S from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 14th.

Carlsberg A/S Price Performance

Shares of CABGY stock opened at $25.84 on Wednesday. Carlsberg A/S has a fifty-two week low of $18.21 and a fifty-two week high of $29.59. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.57 and a quick ratio of 0.46. The stock’s 50-day simple moving average is $24.28 and its 200-day simple moving average is $22.24.

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.