Zacks Investment Research Upgrades CARLSBERG AS/S (CABGY) to Buy
CARLSBERG AS/S (OTCMKTS:CABGY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $27.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.16% from the stock’s current price.
According to Zacks, “Carlsberg A/S is a brewing company and has operations in Northern & Western Europe, Eastern Europe and Asia. Its beer portfolio includes more than 500 brands. The company offers its products primarily under the Carlsberg, Tuborg, Baltika, and Kronenbourg 1664 names and local brands such as Ringnes in Norway, Feldschlösschen in Switzerland, Lav in Serbia, and Wusu in western China. Carlsberg A/S is based in Copenhagen, Denmark. “
Other equities analysts have also issued research reports about the company. Investec upgraded CARLSBERG AS/S from a “sell” rating to a “hold” rating in a research note on Wednesday, February 6th. Jefferies Financial Group upgraded CARLSBERG AS/S from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. Finally, Sanford C. Bernstein lowered CARLSBERG AS/S from a “market perform” rating to a “sell” rating in a research note on Monday, December 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. CARLSBERG AS/S has a consensus rating of “Hold” and an average price target of $27.00.
About CARLSBERG AS/S
Carlsberg A/S produces and sells beer and other beverage products in Western Europe, Eastern Europe, and Asia. The company provides craft and specialty, and non-alcoholic beers; and soft drinks. It offers its products primarily under the Carlsberg, Baltika, Tuborg, FIX ANEY, and Ringnes brand names. Carlsberg A/S also exports its products to approximately 100 countries worldwide.
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