Carlsberg AS (OTCMKTS:CABGY) Raised to Hold at Barclays

Carlsberg AS (OTCMKTS:CABGY) was upgraded by stock analysts at Barclays from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Separately, Jefferies Financial Group lowered shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Carlsberg AS has an average rating of “Moderate Buy”.

Carlsberg AS Stock Performance

Shares of Carlsberg AS stock opened at $26.79 on Monday. The firm has a 50-day moving average of $27.04 and a 200-day moving average of $26.88. Carlsberg AS has a 52-week low of $23.39 and a 52-week high of $32.16. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.51.

About Carlsberg AS

Carlsberg A/S is a Denmark-based brewing company and the parent of the Carlsberg Group. Founded in 1847 by brewer J.C. Jacobsen, the company has grown from its original brewery in Copenhagen into an international beverage business serving consumers across Europe and Asia, as well as other markets worldwide.

The company’s portfolio includes Carlsberg, Tuborg, 1664, Grimbergen, Somersby and other regional and local beer brands. In addition to traditional lager and specialty beers, Carlsberg produces cider, alcohol-free beverages and selected soft drinks.