Sunrise Communications (NASDAQ:SNRE) Stock Price Up 2.1% – Here’s What Happened

Sunrise Communications AG (NASDAQ:SNRE)’s stock price rose 2.1% on Friday . The stock traded as high as $48.49 and last traded at $48.41. Approximately 52,482 shares were traded during trading, a decline of 94% from the average daily volume of 916,764 shares. The stock had previously closed at $47.43.

Analyst Ratings Changes

Several research firms have weighed in on SNRE. Redburn Atlantic lowered Sunrise Communications from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 20th. The Goldman Sachs Group upgraded shares of Sunrise Communications to a “strong sell” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Sunrise Communications Stock Performance

The company’s fifty day moving average is $47.14.

Sunrise Communications Announces Dividend

The business also recently declared a — dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a dividend of $3.7252 per share. 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.