Schibsted ASA (OTCMKTS:SBSNY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Schibsted ASA (OTCMKTS:SBSNY) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks reports.

Separately, Arctic Securiti raised shares of Schibsted ASA to a “strong-buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Schibsted ASA presently has a consensus rating of “Buy”.

Schibsted ASA Stock Down 0.9%

Shares of OTCMKTS SBSNY opened at $22.43 on Tuesday. The stock’s fifty day moving average price is $23.96 and its two-hundred day moving average price is $25.62. Schibsted ASA has a one year low of $18.00 and a one year high of $44.24.

About Schibsted ASA

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.