Carlsberg AS (OTCMKTS:CABGY) has garnered a consensus rating of “Buy” from six research firms currently covering the company, according to MarketBeat.com. This positive outlook includes two analysts who have assigned a “hold” rating, while another two have rated the stock as a “buy,” and two have given it a “strong buy” designation.
Several recent reports from financial analysts have highlighted the stock’s potential. Notably, on January 12, 2024, BNP Paribas upgraded Carlsberg from a “hold” to a “strong buy” rating. Earlier, UBS Group elevated its rating from “neutral” to “buy” in a report dated December 3, 2023. These assessments reflect growing confidence in the company’s performance and market position.
Stock Performance and Financial Metrics
Carlsberg’s shares opened at $26.57 on Tuesday. Over the past year, the stock has experienced a low of $19.15 and a high of $30.22. The company’s 50-day moving average price stands at $25.46, while the 200-day moving average is at $25.19. Carlsberg’s financial health is also illustrated by a debt-to-equity ratio of 2.41, a current ratio of 0.70, and a quick ratio of 0.54. These figures provide insight into the company’s liquidity and leverage.
About Carlsberg AS
Founded in 1847 and headquartered in Copenhagen, Carlsberg A/S is a leading Danish multinational brewer. The company focuses on brewing, marketing, and distributing a variety of beverages, including beer and cider. Its portfolio features well-known global brands such as Carlsberg and Tuborg, along with regional and local brands tailored to specific markets.
Carlsberg operates maltings and brewing facilities, and it provides packaging and logistics services that support its beverage operations. The company has a strong presence in Europe and Asia and maintains operations in numerous other markets through wholly owned subsidiaries, joint ventures, and export arrangements.
The recent ratings and performance metrics indicate a robust outlook for Carlsberg AS, making it an attractive option for investors looking to diversify their portfolios with established beverage brands.
