Carlsberg A/S (NASDAQ:CABGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.
According to Zacks, “Carlsberg A/S is a brewing company and has operations in Northern & Western Europe, Eastern Europe and Asia. Its beer portfolio includes more than 500 brands. The company offers its products primarily under the Carlsberg, Tuborg, Baltika, and Kronenbourg 1664 names and local brands such as Ringnes in Norway, Feldschlösschen in Switzerland, Lav in Serbia, and Wusu in western China. Carlsberg A/S is based in Copenhagen, Denmark. “
A number of other equities analysts also recently issued reports on the stock. Liberum Capital started coverage on shares of Carlsberg A/S in a report on Monday, October 3rd. They issued a “buy” rating on the stock. Credit Suisse Group AG cut shares of Carlsberg A/S from a “neutral” rating to an “underperform” rating in a research note on Friday, August 19th. RBC Capital Markets cut shares of Carlsberg A/S from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 22nd. Societe Generale cut shares of Carlsberg A/S from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th. Finally, Jefferies Group started coverage on shares of Carlsberg A/S in a research note on Tuesday, September 13th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold”.
Carlsberg A/S (NASDAQ:CABGY) opened at 18.17 on Monday. The stock’s market cap is $13.86 billion. Carlsberg A/S has a 1-year low of $15.04 and a 1-year high of $20.69. The firm has a 50-day moving average of $18.74 and a 200-day moving average of $19.08.
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