Carlsberg AS (OTCMKTS:CABGY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Carlsberg AS (OTCMKTS:CABGY) saw an uptick in trading volume on Tuesday . 101,751 shares changed hands during mid-day trading, an increase of 37% from the previous session’s volume of 74,481 shares.The stock last traded at $27.07 and had previously closed at $26.91.

Analysts Set New Price Targets

CABGY has been the subject of a number of research analyst reports. UBS Group upgraded Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. BNP Paribas Exane upgraded shares of 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 given a Hold rating to the stock. According to data from MarketBeat, Carlsberg AS has an average rating of “Buy”.

Carlsberg AS Trading Up 0.3%

The business has a 50-day moving average price of $25.74 and a two-hundred day moving average price of $25.09. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 2.41.

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.