Schibsted ASA (OTCMKTS:SBSNY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Schibsted ASA (OTCMKTS:SBSNY) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Separately, Jefferies Financial Group lowered shares of Schibsted ASA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Schibsted ASA presently has a consensus rating of “Hold”.

Schibsted ASA Stock Down 4.3%

SBSNY traded down $1.13 during trading on Tuesday, reaching $24.85. The stock had a trading volume of 767 shares, compared to its average volume of 9,685. Schibsted ASA has a one year low of $18.00 and a one year high of $45.00. The business has a 50-day moving average of $25.60 and a 200-day moving average of $28.24.

Schibsted ASA (OTCMKTS:SBSNY) last released its earnings results on Thursday, February 5th. The company reported $0.14 EPS for the quarter. The firm had revenue of $149.56 million during the quarter.

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.