Carlsberg AS has received a consensus recommendation of “Buy” from six research firms currently covering the company, according to MarketBeat.com. This consensus reflects a positive outlook on the stock, with two analysts assigning a hold rating, two offering a buy rating, and two classifying it as a strong buy.
Analysts have been actively issuing reports on Carlsberg AS, with notable updates from leading financial institutions. On January 12, 2024, BNP Paribas upgraded the company’s rating from “hold” to “strong buy.” Similarly, UBS Group raised its rating from “neutral” to “buy” on December 3, 2023, indicating growing confidence in the brewer’s market position.
Current Stock Performance
As of the latest trading session, shares of Carlsberg AS (OTCMKTS:CABGY) opened at $26.57. The stock has experienced a 52-week range, with a low of $19.15 and a high of $30.22. The company’s 50-day moving average stands at $25.46, while the 200-day moving average is $25.19. Financial metrics reflect a debt-to-equity ratio of 2.41, a current ratio of 0.70, and a quick ratio of 0.54, indicating a manageable level of debt relative to its equity.
About Carlsberg AS
Founded in 1847 and headquartered in Copenhagen, Carlsberg A/S is a prominent Danish multinational brewer. The company specializes in the brewing, marketing, and distribution of beer, cider, and related beverages. Its extensive portfolio includes global and regional beer brands, prominently featuring Carlsberg and Tuborg, as well as various local brands tailored to meet the preferences of specific markets.
In addition to its brewing operations, Carlsberg manages maltings and brewing facilities and offers packaging and logistics services that support its beverage production. The company distributes its products across Europe and Asia, maintaining a significant presence in various global markets through wholly owned subsidiaries, joint ventures, and export arrangements.
As Carlsberg AS continues to capture the attention of investors and analysts, the positive ratings signal potential growth opportunities for the company in the competitive beverage industry.
