Zacks Research upgraded shares of Schibsted ASA (OTCMKTS:SBSNY – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.
Schibsted ASA Stock Performance
OTCMKTS:SBSNY opened at $24.50 on Wednesday. The business has a 50 day simple moving average of $25.50 and a 200 day simple moving average of $26.26. Schibsted ASA has a 12-month low of $18.00 and a 12-month high of $45.00.
About Schibsted ASA
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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