Zacks Research upgraded shares of Schibsted ASA (OTCMKTS:SBSNY – Free Report) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.
Schibsted ASA Price Performance
Schibsted ASA stock opened at $24.70 on Wednesday. The company’s 50-day moving average price is $25.49 and its two-hundred day moving average price is $26.25. Schibsted ASA has a twelve month low of $18.00 and a twelve month high of $45.00.
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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