Jefferies Financial Group downgraded shares of Schibsted ASA (OTCMKTS:SBSNY – Free Report) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.
Schibsted ASA Stock Up 7.1%
Shares of OTCMKTS:SBSNY opened at $28.00 on Tuesday. The company has a 50-day moving average price of $28.95 and a 200-day moving average price of $34.41. 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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