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Sunrise Communications (NASDAQ:SNRE) Trading 2.1% Higher - Here's Why

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Sunrise Communications AG (NASDAQ:SNRE - Get Free Report) traded up 2.1% during trading on Friday . The company traded as high as $48.49 and last traded at $48.41. 52,482 shares traded hands during trading, a decline of 94% from the average session volume of 916,764 shares. The stock had previously closed at $47.43.

Analyst Upgrades and Downgrades

SNRE has been the subject of several analyst reports. The Goldman Sachs Group upgraded Sunrise Communications to a "strong sell" rating in a report 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, March 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold".

Check Out Our Latest Stock Report on SNRE

Sunrise Communications Price Performance

The company has a 50 day moving average price of $47.21.

Sunrise Communications Announces Dividend

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

About Sunrise Communications

(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.

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