Zacks Investment Research Upgrades Carlsberg A/S (CABGY) to “Hold”
Zacks Investment Research upgraded shares of Carlsberg A/S (OTCMKTS:CABGY) from a sell 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. “
Several other research analysts have also recently weighed in on the company. ValuEngine raised Carlsberg A/S from a hold rating to a buy rating in a research note on Monday, April 9th. Macquarie reaffirmed a neutral rating on shares of Carlsberg A/S in a research note on Wednesday, January 24th. Finally, Deutsche Bank raised Carlsberg A/S from a hold rating to a buy rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $28.00.
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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 a range of beer and cider brands, including Carlsberg, Kronenbourg, Baltika, Somersby, Holsten, Tuborg, Lav and Lvivske, among others.
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