Carlsberg A/S (OTCMKTS:CABGY) Cut to “Hold” at BNP Paribas

Carlsberg A/S (OTCMKTS:CABGY) was downgraded by equities researchers at BNP Paribas from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Barclays downgraded Carlsberg A/S from a “hold” rating to a “strong sell” rating in a report on Thursday, November 14th.

Carlsberg A/S Price Performance

CABGY opened at $20.37 on Wednesday. Carlsberg A/S has a fifty-two week low of $20.00 and a fifty-two week high of $29.59. The company’s 50 day moving average price is $21.95 and its two-hundred day moving average price is $23.80.

Carlsberg A/S Company Profile

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.