Zacks Research cut shares of Schibsted ASA (OTCMKTS:SBSNY – Free Report) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.
Schibsted ASA Stock Performance
SBSNY stock opened at $27.98 on Monday. The firm has a 50 day simple moving average of $25.37 and a 200 day simple moving average of $25.73. Schibsted ASA has a 52 week low of $18.00 and a 52 week 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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