Carlsberg A/S (OTCMKTS:CABGY) Upgraded 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 issued to investors on Friday, Marketbeat Ratings reports.

Several other brokerages also recently issued reports on CABGY. BNP Paribas downgraded Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barclays downgraded shares of Carlsberg A/S from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 14th.

Carlsberg A/S Price Performance

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. The company’s 50 day simple moving average is $22.48 and its 200-day simple moving average is $21.99. Carlsberg A/S has a one year low of $18.21 and a one year high of $29.59.

Carlsberg A/S Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.7593 per share. This is a positive change from Carlsberg A/S’s previous dividend of $0.53. The ex-dividend date is Wednesday, March 19th.

Carlsberg A/S Company Profile

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.