Liberum Capital Begins Coverage on Carlsberg AS (CABGY)

Liberum Capital began coverage on shares of Carlsberg AS (OTCMKTS:CABGY) in a research report released on Monday morning, reports. The brokerage issued a buy rating on the stock.

CABGY has been the topic of several other research reports. Societe Generale lowered shares of Carlsberg AS from a buy rating to a hold rating in a research report on Thursday, August 18th. Royal Bank Of Canada lowered shares of Carlsberg AS from an outperform rating to a sector perform rating in a research report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Carlsberg AS has a consensus rating of Hold and an average price target of $580.00.

Shares of Carlsberg AS (OTCMKTS:CABGY) opened at 18.93 on Monday. The firm’s market cap is $14.44 billion. The stock has a 50 day moving average price of $18.94 and a 200-day moving average price of $19.10. Carlsberg AS has a 52-week low of $15.04 and a 52-week high of $20.69.

About Carlsberg AS

Carlsberg A/S is a Denmark-based company active within the brewing industry. It is primarily engaged in the production, marketing and sale of beer and soft drinks. The Company’s portfolio consists of more than 500 beer brands, including Carlsberg, Kronenbourg, Baltika, Holsten, Tuborg, Lav and Lvivske, among others.

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