Royal Bank of Canada Upgrades Carlsberg A/S (OTCMKTS:CABGY) to "Outperform"

Carlsberg A/S (OTCMKTS:CABGY - Get Free Report) was upgraded by equities research analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating in a report released on Friday, MarketBeat.com reports.

A number of other equities research analysts have also recently commented on CABGY. Barclays cut shares of Carlsberg A/S from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 14th. BNP Paribas cut shares of Carlsberg A/S from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th.

Carlsberg A/S Stock Down 1.9 %

OTCMKTS CABGY traded down $0.51 during trading hours on Friday, reaching $26.42. The company's stock had a trading volume of 978,442 shares, compared to its average volume of 310,068. Carlsberg A/S has a fifty-two week low of $18.21 and a fifty-two week high of $29.59. The company's 50-day moving average is $22.64 and its two-hundred day moving average is $22.01. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.57 and a quick ratio of 0.46.

Carlsberg A/S Company Profile

Carlsberg A/S produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers core, craft, and specialty beers; soft drinks; and alcohol-free brews under various brands. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.