Schibsted ASA (OTCMKTS:SBSNY – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.
Schibsted ASA Stock Performance
OTCMKTS:SBSNY opened at $27.98 on Monday. Schibsted ASA has a fifty-two week low of $18.00 and a fifty-two week high of $45.00. The firm has a 50-day simple moving average of $25.37 and a two-hundred day simple moving average of $25.73.
Schibsted ASA Company Profile
Schibsted ASA is a Norway-based media and technology group headquartered in Oslo. Established in 1839 with the founding of the newspaper Aftenposten, the company has evolved into a leading digital operator in classifieds, online marketplaces and news media. Schibsted leverages data-driven insights and technology platforms to connect buyers and sellers, as well as to deliver news and content to audiences across multiple channels.
In its media division, Schibsted publishes prominent Scandinavian news brands, including Aftenposten in Norway and Verdens Gang (VG), offering both print and digital editions.
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