Royal Bank Of Canada downgraded Carlsberg A S (ADR) (NASDAQ:CABGY) to Sector Perform in a report released today.
- Updated: September 17, 2016
Displaying a price of $19.40, Carlsberg A S (ADR) (NASDAQ:CABGY) traded 2.26% lower on the day. With the last close up 4.28% relative to the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same period. CABGY has been tracking to a 50-day average of $19.36 and 200-day average of $18.99. 66,285 shares of CABGY were exchanged, down from ann avg. volume of 71,973
Royal Bank Of Canada has downgraded Carlsberg A S (ADR)(NASDAQ:CABGY) to Sector Perform in a report released 8/22/2016.
Recent Performance Chart:
With a market cap of $0.0, Carlsberg A S (ADR) has a price-earnings of 0 with a one-year low of $14.92 and a one-year high of $20.69.
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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