Citigroup upgraded shares of Schibsted ASA (OTCMKTS:SBSNF) from a neutral rating to a buy rating in a report issued on Monday morning, The Fly reports.
Several other research analysts have also recently weighed in on SBSNF. The Goldman Sachs Group assumed coverage on shares of Schibsted ASA in a research report on Thursday, January 20th. They set a neutral rating on the stock. Jefferies Financial Group began coverage on shares of Schibsted ASA in a research note on Wednesday, February 2nd. They issued a buy rating on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Buy.
Shares of OTCMKTS SBSNF opened at $29.40 on Monday. The company has a 50 day simple moving average of $39.05 and a two-hundred day simple moving average of $46.04. Schibsted ASA has a 12 month low of $29.40 and a 12 month high of $42.60.
Schibsted ASA Company Profile
Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, Financial Services, and Growth segments. It operates online marketplaces, as well as offers online classifieds services that provide technology-based services to connect buyers and sellers; and publishes printed and online newspapers, and subscription-based newspapers.
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