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Sunrise Communications (NASDAQ:SNRE) Sets New 12-Month High - Still a Buy?

Sunrise Communications logo with background

Shares of Sunrise Communications AG (NASDAQ:SNRE - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $52.40 and last traded at $51.81, with a volume of 240620 shares trading hands. The stock had previously closed at $51.86.

Analyst Upgrades and Downgrades

Separately, Redburn Atlantic cut shares of Sunrise Communications from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Sunrise Communications currently has a consensus rating of "Hold".

View Our Latest Stock Analysis on SNRE

Sunrise Communications Price Performance

The firm's fifty day simple moving average is $47.69.

Sunrise Communications Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a $3.7252 dividend. The ex-dividend date of this dividend is Friday, May 16th.

Sunrise Communications Company Profile

(Get Free Report)

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.

See Also

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