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

Carlsberg AS (OTCMKTS:CABGY) saw strong trading volume on Thursday . 330,376 shares were traded during trading, an increase of 454% from the previous session’s volume of 59,649 shares.The stock last traded at $30.96 and had previously closed at $31.31.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CABGY. BNP Paribas Exane raised shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. UBS Group upgraded shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. Finally, Zacks Research upgraded shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy”.

Carlsberg AS Trading Up 0.1%

The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.54. The firm’s fifty day moving average price is $27.99 and its two-hundred day moving average price is $25.61.

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.