Carlsberg AS (OTCMKTS:CABGY) Upgraded to “Hold” at Barclays

Barclays upgraded shares of Carlsberg AS (OTCMKTS:CABGY) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks reports.

Separately, Jefferies Financial Group cut Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Carlsberg AS currently has an average rating of “Moderate Buy”.

Carlsberg AS Trading Up 2.1%

CABGY stock opened at $26.75 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.51 and a debt-to-equity ratio of 1.14. Carlsberg AS has a 1 year low of $23.39 and a 1 year high of $32.16. The stock has a 50-day simple moving average of $27.08 and a 200-day simple moving average of $26.86.

About Carlsberg AS

Carlsberg A/S is a Denmark-based brewing company and the parent of the Carlsberg Group. Founded in 1847 by brewer J.C. Jacobsen, the company has grown from its original brewery in Copenhagen into an international beverage business serving consumers across Europe and Asia, as well as other markets worldwide.

The company’s portfolio includes Carlsberg, Tuborg, 1664, Grimbergen, Somersby and other regional and local beer brands. In addition to traditional lager and specialty beers, Carlsberg produces cider, alcohol-free beverages and selected soft drinks.