CARLSBERG AS/S (OTCMKTS:CABGY) Hits New 12-Month High at $29.56

CARLSBERG AS/S (OTCMKTS:CABGY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $29.56 and last traded at $29.43, with a volume of 15299 shares traded. The stock had previously closed at $28.25.

A number of brokerages have recently issued reports on CABGY. Citigroup lowered CARLSBERG AS/S from a “neutral” rating to a “sell” rating in a research report on Thursday, June 27th. Bryan, Garnier & Co raised CARLSBERG AS/S from a “neutral” rating to a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.00.

The firm has a market capitalization of $22.35 billion, a price-to-earnings ratio of 26.18 and a beta of 0.86. The stock has a 50 day moving average of $27.38 and a 200 day moving average of $25.93. The company has a quick ratio of 0.40, a current ratio of 0.52 and a debt-to-equity ratio of 0.35.


Carlsberg A/S produces and sells beer and other beverage products in Western Europe, Eastern Europe, and Asia. The company provides craft and specialty, and non-alcoholic beers; and soft drinks. It offers its products primarily under the Carlsberg, Baltika, Tuborg, birell, Ringnes, and other local brand names.

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