Sunrise Communications (NASDAQ:SNRE) Downgraded by Redburn Atlantic to Hold

Redburn Atlantic downgraded shares of Sunrise Communications (NASDAQ:SNRE) from a strong-buy rating to a hold rating in a report released on Thursday,Zacks.com reports.

SNRE has been the topic of a number of other reports. The Goldman Sachs Group raised Sunrise Communications to a “strong sell” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft began coverage on Sunrise Communications in a research report on Thursday, November 21st. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Sunrise Communications presently has an average rating of “Hold”.

Sunrise Communications Trading Up 1.5 %

Shares of NASDAQ SNRE opened at $47.81 on Thursday. Sunrise Communications has a 12 month low of $42.51 and a 12 month high of $50.63. The stock has a 50 day simple moving average of $47.07.

Sunrise Communications Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a $3.7252 dividend. The ex-dividend date of this dividend is Thursday, May 15th.

Sunrise Communications Company Profile

Sunrise Communications AG engages in the provision of telecommunications solutions. The firm offers mobile, broadband, TV, and fixed-line telephony services to residential customers. It also provides mobile and broadband services, as well as a range of value-added portfolio services, including cloud services, cybersecurity, and automation to business customers.