Carlsberg A/S (OTCMKTS:CABGY) Upgraded to “Strong-Buy” at Berenberg Bank

Berenberg Bank upgraded shares of Carlsberg A/S (OTCMKTS:CABGY) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. BNP Paribas lowered Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Royal Bank of Canada upgraded Carlsberg A/S from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 14th.

Carlsberg A/S Trading Down 3.5 %

Shares of OTCMKTS CABGY opened at $24.93 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 0.89. Carlsberg A/S has a fifty-two week low of $18.21 and a fifty-two week high of $29.59. The firm’s 50-day simple moving average is $24.37 and its 200 day simple moving average is $22.25.

Carlsberg A/S Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were given a $0.7593 dividend. This is an increase from Carlsberg A/S’s previous dividend of $0.53. The ex-dividend date was Wednesday, March 19th.

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.