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Sunrise Communications (NASDAQ:SNRE) Shares Down 2.9% - Here's What Happened

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Sunrise Communications AG (NASDAQ:SNRE - Get Free Report) traded down 2.9% on Monday . The company traded as low as $46.31 and last traded at $46.41. 169,360 shares were traded during trading, a decline of 82% from the average session volume of 947,015 shares. The stock had previously closed at $47.81.

Analyst Upgrades and Downgrades

SNRE has been the subject of several research analyst reports. The Goldman Sachs Group raised shares of Sunrise Communications to a "strong sell" rating in a report on Monday, December 9th. Redburn Atlantic downgraded 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Get Our Latest Report on SNRE

Sunrise Communications Trading Up 2.4 %

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

Sunrise Communications Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a dividend of $3.7252 per share. 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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