Schibsted ASA (OTCMKTS:SBSNY) Stock Rating Raised to “Strong-Buy” at Arctic Securiti

Schibsted ASA (OTCMKTS:SBSNY) was upgraded by analysts at Arctic Securiti to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

Separately, Zacks Research downgraded Schibsted ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Schibsted ASA Price Performance

Shares of OTCMKTS SBSNY opened at $22.43 on Tuesday. The firm’s 50-day moving average is $24.03 and its two-hundred day moving average is $25.65. Schibsted ASA has a 12-month low of $18.00 and a 12-month high of $44.24.

Schibsted ASA Company Profile

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.