Berenberg Bank upgraded shares of Sunrise Communications (NASDAQ:SNRE - Free Report) to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.
Separately, Redburn Atlantic downgraded shares of Sunrise Communications from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold".
View Our Latest Report on Sunrise Communications
Sunrise Communications Stock Performance
Shares of SNRE stock traded up $0.48 during trading hours on Thursday, hitting $55.48. 103,189 shares of the company were exchanged, compared to its average volume of 649,751. Sunrise Communications has a one year low of $42.51 and a one year high of $55.92. The business's 50-day simple moving average is $52.81 and its two-hundred day simple moving average is $48.83.
Sunrise Communications (NASDAQ:SNRE - Get Free Report) last released its earnings results on Monday, May 19th. The company reported ($0.03) EPS for the quarter. The business had revenue of $803.10 million during the quarter.
Hedge Funds Weigh In On Sunrise Communications
Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new position in shares of Sunrise Communications during the first quarter valued at approximately $195,000. Goldman Sachs Group Inc. bought a new position in Sunrise Communications during the 1st quarter worth $8,207,000. Finally, Anchor Investment Management LLC bought a new position in Sunrise Communications during the 1st quarter worth $26,000.
About Sunrise Communications
(
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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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