Carlsberg AS (OTCMKTS:CABGY) Stock Price Up 0.7% – Time to Buy?

Carlsberg AS (OTCMKTS:CABGY) shot up 0.7% during trading on Tuesday. The stock traded as high as $26.01 and last traded at $25.89. Approximately 43,709 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 36,981 shares. The stock had previously closed at $25.71.

Analyst Ratings Changes

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

Carlsberg AS Stock Up 0.7%

The company’s fifty day simple moving average is $27.34 and its 200 day simple moving average is $26.82.

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.