Carlsberg AS (OTCMKTS:CABGY) Reaches New 52-Week High – Here’s What Happened

Carlsberg AS (OTCMKTS:CABGY)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $30.4950 and last traded at $30.48, with a volume of 4853 shares changing hands. The stock had previously closed at $29.68.

Analyst Upgrades and Downgrades

CABGY has been the topic of several recent research reports. UBS Group upgraded shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. BNP Paribas Exane raised Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Carlsberg AS Price Performance

The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 2.41. The firm has a fifty day moving average price of $26.36 and a 200-day moving average price of $25.14.

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.