Jefferies Group Weighs in on Carlsberg A/S’s FY2018 Earnings (CABGY)
Carlsberg A/S (OTCMKTS:CABGY) – Stock analysts at Jefferies Group decreased their FY2018 EPS estimates for shares of Carlsberg A/S in a note issued to investors on Thursday. Jefferies Group analyst E. Mundy now expects that the company will earn $1.14 per share for the year, down from their prior forecast of $1.16. Jefferies Group also issued estimates for Carlsberg A/S’s FY2019 earnings at $1.24 EPS and FY2020 earnings at $1.35 EPS.
CABGY has been the topic of several other reports. Zacks Investment Research upgraded shares of Carlsberg A/S from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Deutsche Bank upgraded shares of Carlsberg A/S from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. Finally, Macquarie restated a “neutral” rating on shares of Carlsberg A/S in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.00.
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.
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