Shares of Schibsted ASA (OTCMKTS:SBSNY – Get Free Report) rose 6.9% during mid-day trading on Monday . The company traded as high as $26.20 and last traded at $26.20. Approximately 2,120 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 8,384 shares. The stock had previously closed at $24.51.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Schibsted ASA to a “hold” rating in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Schibsted ASA currently has an average rating of “Hold”.
View Our Latest Research Report on Schibsted ASA
Schibsted ASA Trading Up 6.9%
Schibsted ASA Company Profile
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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