Carlsberg A S (ADR) (NASDAQ:CABGY) has been downgraded to Sector Perform in a statement by RBC Capital Markets earlier today.
- Updated: September 17, 2016
Displaying a price of $19.40, Carlsberg A S (ADR) (NASDAQ:CABGY) traded 2.26% lower on the day. The last stock price close is up 4.28% from the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the same time period. Carlsberg A S (ADR) has logged a 50-day moving average of $19.36 and 200-day moving average of $18.99. Volume of trade was was down over the average, with 66,285 shares of CABGY changing hands under the typical 71,973 shares.
RBC Capital Markets has downgraded Carlsberg A S (ADR)(NASDAQ:CABGY) to Sector Perform in a report released 8/22/2016.
Carlsberg A S (ADR) has a one-year low of $14.92 and a one-year high of $20.69 . The company’s market cap is presently $0.0.
Brief Synopsis On 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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