Sunrise Communications (NASDAQ:SNRE) Stock Price Down 2.9% – Here’s What Happened

Sunrise Communications AG (NASDAQ:SNRE)’s share price fell 2.9% during mid-day trading on Monday . The company traded as low as $46.31 and last traded at $46.41. 169,360 shares were traded during trading, a decline of 82% from the average session volume of 947,015 shares. The stock had previously closed at $47.81.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. The Goldman Sachs Group upgraded shares of Sunrise Communications to a “strong sell” rating in a research note on Monday, December 9th. Redburn Atlantic cut shares of Sunrise Communications from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Sunrise Communications Stock Down 3.3 %

The business has a fifty day moving average of $47.07.

Sunrise Communications Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be issued a $3.7252 dividend. The ex-dividend date 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.