Zacks Investment Research downgraded Carlsberg A S (ADR) (NASDAQ:CABGY) to Sell in a report released today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded Carlsberg A S (ADR) (NASDAQ:CABGY) to Sell in a report released on Monday October 17, 2016.
Just yesterday Carlsberg A S (ADR) (NASDAQ:CABGY) traded 0.11% higher at $18.16. Carlsberg A S (ADR)’s 50-day moving average is $18.76 and its 200-day moving average is $19.09. The last stock price is down -4.87% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 56,841 shares of CABGY traded hands, down from an average trading volume of 67,194
Recent Performance Chart
Carlsberg A S (ADR) has 52 week low of $15.04 and a 52 week high of $20.69 and has a market capitalization of $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, raising its stake to 60%.
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