Carlsberg AS (OTCMKTS:CABGY) Sees Large Volume Increase – Still a Buy?

Carlsberg AS (OTCMKTS:CABGY) shares saw unusually-strong trading volume on Tuesday . Approximately 324,615 shares traded hands during mid-day trading, an increase of 411% from the previous session’s volume of 63,533 shares.The stock last traded at $26.74 and had previously closed at $27.34.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CABGY shares. Zacks Research downgraded Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Berenberg Bank raised Carlsberg AS from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Carlsberg AS Stock Performance

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 company’s 50 day moving average is $26.01 and its 200-day moving average is $26.72.

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.