Schibsted ASA (OTCMKTS:SBSNY – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.
Separately, Arctic Securiti raised Schibsted ASA to a “strong-buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Schibsted ASA presently has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on SBSNY
Schibsted ASA Price Performance
SBSNY opened at $22.43 on Tuesday. The firm has a 50 day simple moving average of $23.96 and a 200 day simple moving average of $25.62. Schibsted ASA has a fifty-two week low of $18.00 and a fifty-two week high of $44.24.
About Schibsted ASA
Schibsted ASA is a Norway-based media company focused on digital news and publishing. Its operations include newspapers, online news sites, subscription products, advertising platforms and related digital media services serving audiences primarily in the Nordic region.
The company’s media portfolio includes well-known brands such as VG and Aftenposten in Norway, Aftonbladet and Svenska Dagbladet in Sweden, and Bergens Tidende and Stavanger Aftenblad. Schibsted also operates digital publications and specialist media brands covering business, finance, technology and general news.
Schibsted traces its origins to 1839, when Christiania Adresseblad—later Aftenposten—was established in Oslo.
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