Carlsberg AS (OTCMKTS:CABGY) Sees Strong Trading Volume – Here’s What Happened

Carlsberg AS (OTCMKTS:CABGY) saw unusually-high trading volume on Tuesday . Approximately 83,074 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 65,123 shares.The stock last traded at $26.32 and had previously closed at $26.6150.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CABGY. Zacks Research cut shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. BNP Paribas Exane raised Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Berenberg Bank raised Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Carlsberg AS currently has an average rating of “Buy”.

Carlsberg AS Price Performance

The business’s fifty day moving average price is $26.44 and its 200 day moving average price is $26.51. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00.

About Carlsberg AS

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.