Carlsberg AS (OTCMKTS:CABGY) Shares Gap Up – Still a Buy?

Carlsberg AS (OTCMKTS:CABGY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $26.07, but opened at $27.59. Carlsberg AS shares last traded at $27.56, with a volume of 1,080 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have commented on CABGY. Berenberg Bank upgraded shares of Carlsberg AS from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. BNP Paribas Exane raised Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Zacks Research cut Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Carlsberg AS presently has an average rating of “Moderate Buy”.

Carlsberg AS Stock Up 2.2%

The company’s 50 day moving average price is $26.87 and its 200 day moving average price is $26.39. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00.

Carlsberg AS Company Profile

Carlsberg A/S is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen. The company is primarily engaged in the brewing, marketing and distribution of beer, cider and related beverages. Its portfolio comprises global and regional beer brands, led by the Carlsberg and Tuborg names, alongside a range of local brands tailored to specific markets. Carlsberg also operates maltings and brewing facilities and provides packaging and logistics services that support its beverage operations.

Carlsberg sells products across Europe and Asia and maintains a presence in numerous other markets through wholly owned subsidiaries, joint ventures and export arrangements.