Carlsberg A/S (OTCMKTS:CABGY) Reaches New 52-Week Low – Here’s Why

Carlsberg A/S (OTCMKTS:CABGY) shares reached a new 52-week low on Tuesday . The company traded as low as $21.62 and last traded at $21.81, with a volume of 124771 shares. The stock had previously closed at $21.69.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Carlsberg A/S to a “hold” rating in a research note on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Carlsberg A/S currently has an average rating of “Hold”.

Carlsberg A/S Stock Up 3.0 %

The company’s 50 day simple moving average is $23.04 and its 200 day simple moving average is $24.78.

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.