Carlsberg A/S (CABGY) Downgraded by Zacks Investment Research to Hold
Zacks Investment Research cut shares of Carlsberg A/S (NASDAQ:CABGY) from a buy rating to a hold rating in a research report sent to investors on Friday.
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 research analysts have also issued research reports about the stock. Berenberg Bank restated a hold rating on shares of Carlsberg A/S in a research note on Monday, September 18th. BNP Paribas restated a neutral rating on shares of Carlsberg A/S in a research note on Thursday. Finally, Barclays PLC lowered shares of Carlsberg A/S from an equal weight rating to an underweight rating in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $26.00.
Shares of Carlsberg A/S (NASDAQ:CABGY) traded down 0.75% during midday trading on Friday, reaching $22.41. 67,294 shares of the company traded hands. Carlsberg A/S has a 1-year low of $16.30 and a 1-year high of $23.55.
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About Carlsberg A/S
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 a range of beer and cider brands, including Carlsberg, Kronenbourg, Baltika, Somersby, Holsten, Tuborg, Lav and Lvivske, among others.
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