Zacks Investment Research cut shares of Carlsberg A/S (NASDAQ:CABGY) from a buy rating to a hold rating in a research note released on Tuesday morning.

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. “

Other equities research analysts have also recently issued research reports about the stock. Liberum Capital assumed coverage on shares of Carlsberg A/S in a report on Monday, October 3rd. They issued a buy rating on the stock. Jefferies Group assumed coverage on shares of Carlsberg A/S in a report on Tuesday, September 13th. They issued a hold rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $19.00.

Analyst Recommendations for Carlsberg A/S (NASDAQ:CABGY)

Carlsberg A/S (NASDAQ:CABGY) traded up 0.29% on Tuesday, hitting $17.43. 37,218 shares of the stock traded hands. The stock’s market cap is $10358.48 billion. The company’s 50 day moving average price is $16.87 and its 200-day moving average price is $18.33. Carlsberg A/S has a 52-week low of $15.04 and a 52-week high of $20.69.

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Carlsberg A/S Company Profile

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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