Carlsberg A/S (OTCMKTS:CABGY) Upgraded 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.

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

Carlsberg A/S Stock Down 3.5 %

Shares of OTCMKTS:CABGY opened at $24.93 on Wednesday. The business’s 50-day moving average is $24.37 and its 200-day moving average is $22.25. Carlsberg A/S has a 1 year low of $18.21 and a 1 year high of $29.59. 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 Increases Dividend

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

About Carlsberg A/S

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.