Sunrise Communications AG - Unsponsored Class A ADR (NASDAQ:SNRE) Receives Average Rating of "Hold" from Analysts

Key Points

• Sunrise Communications AG has received an average rating of "Hold" from six research firms, with a mix of ratings including two sell, two hold, and two buy recommendations.
• The stock's performance shows a 12-month low of $42.35 and a high of $57.87, currently priced at $55.90.
• Recent institutional investment activity indicates increased interest, with several hedge funds purchasing new positions in the company during the second quarter.

Shares of Sunrise Communications AG - Unsponsored Class A ADR (NASDAQ:SNRE - Get Free Report) have earned an average rating of "Hold" from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company.

Separately, Berenberg Bank upgraded shares of Sunrise Communications AG - Unsponsored Class A to a "hold" rating in a report on Thursday, June 26th.

Sunrise Communications AG - Unsponsored Class A Price Performance

NASDAQ SNRE traded down $0.41 on Friday, reaching $55.93. The company had a trading volume of 67,289 shares, compared to its average volume of 157,084. The company's fifty day moving average is $55.28 and its 200 day moving average is $51.56. Sunrise Communications AG - Unsponsored Class A has a 52-week low of $42.35 and a 52-week high of $57.87. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.07.

Sunrise Communications AG - Unsponsored Class A (NASDAQ:SNRE - Get Free Report) last announced its earnings results on Monday, May 19th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $803.10 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in Sunrise Communications AG - Unsponsored Class A in the 2nd quarter worth about $217,000. Autumn Glory Partners LLC bought a new stake in shares of Sunrise Communications AG - Unsponsored Class A during the 2nd quarter valued at about $236,000. Trust Co. of Vermont bought a new stake in shares of Sunrise Communications AG - Unsponsored Class A during the 2nd quarter valued at about $112,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Sunrise Communications AG - Unsponsored Class A during the 2nd quarter valued at about $122,000. Finally, Signaturefd LLC bought a new stake in shares of Sunrise Communications AG - Unsponsored Class A during the 2nd quarter valued at about $26,000.

Sunrise Communications AG - Unsponsored Class A 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.