Carlsberg A/S (OTCMKTS:CABGY) Sets New 52-Week Low – Here’s Why

Carlsberg A/S (OTCMKTS:CABGYGet Free Report)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $18.47 and last traded at $18.47, with a volume of 329075 shares trading hands. The stock had previously closed at $18.92.

Wall Street Analyst Weigh In

CABGY has been the subject of several research reports. Barclays downgraded shares of Carlsberg A/S from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 14th. BNP Paribas downgraded shares of Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

Check Out Our Latest Analysis on CABGY

Carlsberg A/S Stock Performance

The company’s 50 day moving average price is $20.15 and its 200-day moving average price is $22.43.

About Carlsberg A/S

(Get Free Report)

Carlsberg A/S produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers core, craft, and specialty beers; soft drinks; and alcohol-free brews under various brands. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.

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