Sunrise Communications (NASDAQ:SNRE) Cut to Hold at Redburn Atlantic

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

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

Sunrise Communications Stock Performance

Shares of Sunrise Communications stock opened at $47.81 on Thursday. The firm has a fifty day moving average price of $47.07. Sunrise Communications has a twelve month low of $42.51 and a twelve month high of $50.63.

Sunrise Communications Announces Dividend

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

About Sunrise Communications

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.