Sunrise Communications (NASDAQ:SNRE) Stock Rating Lowered by Redburn Atlantic

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

A number of other research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Sunrise Communications in a research note on Thursday, November 21st. They set a “buy” rating on the stock. The Goldman Sachs Group raised shares of Sunrise Communications to a “strong sell” rating in a research report on Monday, December 9th. Two 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. Based on data from MarketBeat.com, Sunrise Communications has an average rating of “Hold”.

Sunrise Communications Trading Up 1.5 %

Shares of SNRE opened at $47.81 on Thursday. The firm has a 50 day simple moving average of $47.07. Sunrise Communications has a 52-week low of $42.51 and a 52-week high of $50.63.

Sunrise Communications Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be paid 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.