Schibsted ASA (OTCMKTS:SBSNY – Get Free Report) was downgraded by equities researchers at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
Schibsted ASA Price Performance
Shares of SBSNY opened at $28.00 on Tuesday. The business’s 50-day moving average price is $28.95 and its 200 day moving average price is $34.41. Schibsted ASA has a 1-year low of $18.00 and a 1-year 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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