Carlsberg A S (ADR) (NASDAQ:CABGY) has been downgraded to Hold in a report by Societe Generale earlier today.
- Updated: September 17, 2016
Only yesterday Carlsberg A S (ADR) (NASDAQ:CABGY) traded 2.26% lower at $19.40. The company’s 50-day average is $19.36 and its two hundred day moving average is $18.99. With the last stock price up 4.28% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 66,285 shares of Carlsberg A S (ADR) traded hands, down from ann avg. volume of 71,973.
Societe Generale has downgraded Carlsberg A S (ADR)(NASDAQ:CABGY) to Hold in a statement released 8/18/2016.
Recent Performance Chart:
Carlsberg A S (ADR) has a one-year low of $14.92 and a 52 week high of $20.69 and has a market cap of $0.0.
More About Carlsberg A S (ADR) (NASDAQ:CABGY)
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 more than 500 beer brands, including Carlsberg, Kronenbourg, Baltika, Holsten, Tuborg, Lav and Lvivske, among others. Its operations are divided in geographical segments: Western Europe, Eastern Europe and Asia, which create Beverages division, and Non-beverage. The Company is also present in markets where it does not have own breweries, through license business and export. Additionally, the Company has interests in development and sales of real estate. It operates through numerous subsidiaries in Europe and Asia, including Carlsberg Danmark A/S, Carlsberg Sverige AB, Carlsberg Polska SA, Baltika Breweries and Carlsberg Brewery Hong Kong Ltd, among others. In December 2013, it acquired an approximately 30.3% stake in China’s Chongqing Brewery Company Co. Ltd, and raising its stake to 60%.
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