Carlsberg A/S (CABGY) Downgraded to “Sell” at Zacks Investment Research
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 analysts have also recently weighed in on CABGY. Societe Generale cut shares of Carlsberg A/S from a buy rating to a hold rating in a report on Thursday, August 18th. Credit Suisse Group AG cut shares of Carlsberg A/S from a neutral rating to an underperform rating in a report on Friday, August 19th. Royal Bank Of Canada cut shares of Carlsberg A/S from an outperform rating to a sector perform rating in a report on Monday, August 22nd. RBC Capital Markets cut shares of Carlsberg A/S from an outperform rating to a sector perform rating in a report on Monday, August 22nd. Finally, Jefferies Group initiated coverage on shares of Carlsberg A/S in a report on Tuesday, September 13th. They set a hold rating for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold.
Shares of Carlsberg A/S (NASDAQ:CABGY) traded up 0.468% on Monday, reaching $18.245. The company’s stock had a trading volume of 2,149 shares. Carlsberg A/S has a 1-year low of $15.04 and a 1-year high of $20.69. The stock has a 50-day moving average of $18.77 and a 200 day moving average of $19.09. The stock’s market capitalization is $13.92 billion.
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