Carlsberg A/S (NASDAQ:CABGY) Downgraded to Underweight at Barclays PLC

Barclays PLC lowered shares of Carlsberg A/S (NASDAQ:CABGY) from an equal weight rating to an underweight rating in a research note published on Friday morning.

CABGY has been the subject of several other reports. Zacks Investment Research upgraded Carlsberg A/S from a sell rating to a hold rating in a research report on Monday, March 13th. Natixis upgraded Carlsberg A/S from a neutral rating to a buy rating in a research report on Wednesday, March 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Carlsberg A/S presently has an average rating of Hold and an average target price of $25.00.

Shares of Carlsberg A/S (NASDAQ CABGY) traded up 0.58% on Friday, reaching $20.80. 38,178 shares of the company’s stock traded hands. The company has a market capitalization of $15.87 billion and a price-to-earnings ratio of 22.99. Carlsberg A/S has a 12-month low of $16.30 and a 12-month high of $22.19.

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About Carlsberg A/S

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 a range of beer and cider brands, including Carlsberg, Kronenbourg, Baltika, Somersby, Holsten, Tuborg, Lav and Lvivske, among others.

Analyst Recommendations for Carlsberg A/S (NASDAQ:CABGY)

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