UBS Group upgraded shares of Schibsted ASA (OTCMKTS:SBSNY – Free Report) to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.
Schibsted ASA Trading Down 0.6 %
Shares of OTCMKTS SBSNY opened at $30.80 on Thursday. The company’s 50-day simple moving average is $30.41 and its 200-day simple moving average is $30.23. Schibsted ASA has a 52-week low of $22.13 and a 52-week high of $42.90.
Schibsted ASA Cuts Dividend
The company also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.5459 per share. The ex-dividend date of this dividend was Wednesday, September 4th. Schibsted ASA’s dividend payout ratio (DPR) is presently 8.09%.
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.
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