CARLSBERG AS/S (CABGY) Rating Increased to Buy at Zacks Investment Research

CARLSBERG AS/S (OTCMKTS:CABGY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report issued on Monday. The firm presently has a $27.00 target price on the stock. Zacks Investment Research‘s price objective points to a potential upside of 13.16% from the company’s previous close.

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 brokerages have also recently issued reports on CABGY. Investec raised CARLSBERG AS/S from a “sell” rating to a “hold” rating in a research note on Wednesday, February 6th. Jefferies Financial Group raised CARLSBERG AS/S from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. Finally, Sanford C. Bernstein cut CARLSBERG AS/S from a “market perform” rating to a “sell” rating in a research note on Monday, December 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.00.

OTCMKTS:CABGY traded down $0.07 during midday trading on Monday, hitting $23.86. The stock had a trading volume of 766,766 shares, compared to its average volume of 132,149. CARLSBERG AS/S has a one year low of $20.88 and a one year high of $25.04. The stock has a market cap of $14.22 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 4.06 and a beta of 1.05. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.46.

About CARLSBERG AS/S

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, FIX ANEY, and Ringnes brand names. Carlsberg A/S also exports its products to approximately 100 countries worldwide.

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