Sunrise Communications (NASDAQ:SNRE) Stock Price Down 0.2% – What’s Next?

Sunrise Communications AG (NASDAQ:SNRE)’s stock price traded down 0.2% on Monday . The stock traded as low as $52.41 and last traded at $52.54. 66,352 shares were traded during trading, a decline of 90% from the average session volume of 691,180 shares. The stock had previously closed at $52.66.

Analyst Upgrades and Downgrades

Separately, Redburn Atlantic downgraded Sunrise Communications from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Sunrise Communications Stock Down 0.2%

The firm has a fifty day moving average price of $51.73 and a two-hundred day moving average price of $48.26.

Sunrise Communications (NASDAQ:SNRE) last issued its earnings results on Monday, May 19th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $803.10 million for the quarter.

Sunrise Communications Announces Dividend

The business also recently announced a — dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were given a dividend of $3.7252 per share. The ex-dividend date of this dividend was Friday, May 16th.

Institutional Investors Weigh In On Sunrise Communications

A hedge fund recently bought a new stake in Sunrise Communications stock. Acadian Asset Management LLC acquired a new position in Sunrise Communications AG (NASDAQ:SNRE) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,065 shares of the company’s stock, valued at approximately $195,000.

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.