Carlsberg AS (OTCMKTS:CABGY) Sees Large Volume Increase – Time to Buy?

Carlsberg AS (OTCMKTS:CABGY) saw strong trading volume on Thursday . 68,227 shares changed hands during mid-day trading, an increase of 3% from the previous session’s volume of 66,101 shares.The stock last traded at $25.36 and had previously closed at $25.72.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Berenberg Bank raised shares of Carlsberg AS from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. Zacks Research lowered shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Carlsberg AS presently has an average rating of “Buy”.

Carlsberg AS Trading Down 0.3%

The firm has a 50-day moving average price of $26.34 and a two-hundred day moving average price of $26.92. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.46.

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.