Arctic Securiti upgraded shares of Schibsted ASA (OTCMKTS:SBSNY – Free Report) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks reports.
Separately, Zacks Research lowered Schibsted ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Schibsted ASA has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on Schibsted ASA
Schibsted ASA Stock Performance
Shares of Schibsted ASA stock opened at $22.43 on Tuesday. The business’s 50 day simple moving average is $24.03 and its 200-day simple moving average is $25.65. Schibsted ASA has a twelve month low of $18.00 and a twelve month high of $44.24.
Schibsted ASA Company Profile
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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