Carlsberg AS (OTCMKTS:CABGY) Shares Gap Down – What’s Next?

Carlsberg AS (OTCMKTS:CABGY) gapped down before the market opened on Friday . The stock had previously closed at $28.01, but opened at $26.8501. Carlsberg AS shares last traded at $27.3355, with a volume of 1,700 shares trading hands.

Analysts Set New Price Targets

CABGY has been the subject of several recent research reports. Zacks Research cut Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Berenberg Bank raised Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Carlsberg AS Stock Performance

The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.46. The firm has a 50 day simple moving average of $26.01 and a 200-day simple moving average of $26.74.

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.