Sunrise Communications (NASDAQ:SNRE) Shares Gap Down – Here’s What Happened

Sunrise Communications AG (NASDAQ:SNRE) shares gapped down prior to trading on Friday . The stock had previously closed at $53.90, but opened at $49.66. Sunrise Communications shares last traded at $49.24, with a volume of 24,437 shares traded.

Wall Street Analyst Weigh In

Separately, 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 equities research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Sunrise Communications Stock Performance

The company has a 50-day moving average of $50.22.

Sunrise Communications Announces Dividend

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

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.