Liberum Capital initiated coverage on shares of Carlsberg AS (OTCMKTS:CABGY) in a report released on Monday morning, reports. The brokerage issued a buy rating on the stock.

A number of other research firms also recently issued reports on CABGY. Royal Bank Of Canada downgraded shares of Carlsberg AS from an outperform rating to a sector perform rating in a report on Monday, August 22nd. Societe Generale downgraded shares of Carlsberg AS from a buy rating to a hold rating in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $580.00.

Carlsberg AS (OTCMKTS:CABGY) opened at 18.76 on Monday. Carlsberg AS has a 52 week low of $15.04 and a 52 week high of $20.69. The firm has a 50-day moving average of $18.92 and a 200-day moving average of $19.10. The company’s market capitalization is $14.31 billion.

About Carlsberg AS

Carlsberg A/S is a Denmark-based company active within the brewing industry. It is primarily engaged in the production, marketing and sale of beer and soft drinks. The Company’s portfolio consists of more than 500 beer brands, including Carlsberg, Kronenbourg, Baltika, Holsten, Tuborg, Lav and Lvivske, among others.

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