Shares of Sunrise Communications AG (NASDAQ:SNRE - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five analysts that are presently covering the firm, MarketBeat Ratings reports. 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 company.
SNRE has been the subject of a number of research reports. Redburn Atlantic cut shares of Sunrise Communications from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. Berenberg Bank raised Sunrise Communications to a "hold" rating in a report on Thursday.
View Our Latest Stock Report on Sunrise Communications
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC purchased a new position in shares of Sunrise Communications in the first quarter valued at $26,000. Acadian Asset Management LLC purchased a new position in shares of Sunrise Communications during the 1st quarter worth approximately $195,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Sunrise Communications during the 1st quarter worth approximately $8,207,000.
Sunrise Communications Price Performance
Shares of SNRE opened at $55.00 on Friday. Sunrise Communications has a 1-year low of $42.51 and a 1-year high of $55.92. The firm has a fifty day moving average price of $52.81 and a 200 day moving average price of $48.83.
Sunrise Communications (NASDAQ:SNRE - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $803.10 million during the quarter.
Sunrise Communications Company Profile
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Get Free ReportSunrise 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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