Schibsted ASA (OTCMKTS:SBSNY – Get Free Report)’s share price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $23.66 and traded as high as $24.34. Schibsted ASA shares last traded at $24.34, with a volume of 583 shares traded.
Analysts Set New Price Targets
A number of equities research analysts have commented on SBSNY shares. Zacks Research upgraded Schibsted ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. Arctic Securiti upgraded Schibsted ASA to a “strong-buy” rating in a report on Tuesday, October 27th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Schibsted ASA has an average rating of “Buy”.
Get Our Latest Research Report on SBSNY
Schibsted ASA Stock Performance
The firm has a 50-day moving average price of $23.66 and a 200 day moving average price of $25.51.
Schibsted ASA Company Profile
Schibsted ASA is a Norwegian media and digital marketplace company with roots dating to 1839. The group built a broad portfolio of newspapers, online publications and digital classified-advertising platforms, serving consumers and businesses primarily in the Nordic region and selected international markets.
Its marketplace activities have included platforms such as FINN in Norway, Blocket in Sweden, Tori in Finland, DBA in Denmark and Bilbasen, which connect users buying and selling vehicles, homes, jobs, goods and services.
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