Carlsberg A S (ADR) (NASDAQ:CABGY) has been downgraded to Underperform in a report by Credit Suisse Group AG today.
- Updated: September 17, 2016
Credit Suisse Group AG has downgraded Carlsberg A S (ADR)(NASDAQ:CABGY) to Underperform in a statement released on 8/19/2016.
Having a price of $19.40, Carlsberg A S (ADR) (NASDAQ:CABGY) traded 2.26% lower on the day. With the last stock close up 4.28% relative to the 200-day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. CABGY has logged a 50-day average of $19.36 and 200-day moving average of $18.99. 66,285 shares of CABGY traded hands, down from ann average volume of 71,973
See Graph Below:
Carlsberg A S (ADR) has a one-year low of $14.92 and a 52 week high of $20.69. CABGY’s total market value is presently $0.0.
General Information 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%.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.