Schibsted ASA (OTCMKTS:SBSNY) Upgraded to Hold at UBS Group

Schibsted ASA (OTCMKTS:SBSNY) was upgraded by analysts at UBS Group to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

Schibsted ASA Stock Performance

Schibsted ASA stock opened at $30.80 on Thursday. Schibsted ASA has a 1-year low of $22.13 and a 1-year high of $42.90. The firm has a 50 day simple moving average of $30.41 and a 200 day simple moving average of $30.25.

About Schibsted ASA

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, Delivery and Growth & Investments segments. It operates online classifieds that provide technology-based services to connect buyers and sellers, and facilitate transactions, including job offers, real estate, cars, travel, consumer goods, and others.