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

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

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

Schibsted ASA Price Performance

OTCMKTS:SBSNY opened at $22.43 on Tuesday. The firm’s fifty day simple moving average is $24.03 and its 200-day simple moving average is $25.65. Schibsted ASA has a fifty-two week low of $18.00 and a fifty-two week 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.