Carlsberg A/S (OTCMKTS:CABGY) Rating Increased to Outperform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Carlsberg A/S (OTCMKTS:CABGY) from a sector perform rating to an outperform rating in a research note published on Friday morning, MarketBeat reports.

Other analysts also recently issued research reports about the stock. Barclays downgraded shares of Carlsberg A/S from a “hold” rating to a “strong sell” rating in a report on Thursday, November 14th. BNP Paribas downgraded shares of Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th.

Carlsberg A/S Trading Up 3.1 %

OTCMKTS CABGY opened at $26.65 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.57 and a quick ratio of 0.46. Carlsberg A/S has a 12-month low of $18.21 and a 12-month high of $29.59. The firm has a 50-day moving average price of $22.48 and a two-hundred day moving average price of $22.00.

Carlsberg A/S Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.7593 per share. The ex-dividend date is Wednesday, March 19th. This is an increase from Carlsberg A/S’s previous dividend of $0.53.

About Carlsberg A/S

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.