Carlsberg AS (OTCMKTS:CABGY) Shares Gap Up – Here’s Why

Carlsberg AS (OTCMKTS:CABGY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $26.07, but opened at $27.59. Carlsberg AS shares last traded at $27.56, with a volume of 1,080 shares changing hands.

Wall Street Analyst Weigh In

CABGY has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. BNP Paribas Exane upgraded shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Berenberg Bank upgraded Carlsberg AS from a “hold” rating to a “buy” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Carlsberg AS Price 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 business has a 50-day moving average price of $26.87 and a two-hundred day moving average price of $26.39.

About Carlsberg AS

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.