Sunrise Communications (NASDAQ:SNRE) Reaches New 12-Month High - Here's What Happened

Sunrise Communications AG (NASDAQ:SNRE - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $54.10 and last traded at $54.01, with a volume of 209980 shares trading hands. The stock had previously closed at $52.64.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic lowered shares of Sunrise Communications from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Sunrise Communications Stock Down 1.1 %

The firm's 50 day moving average is $48.03.

Sunrise Communications Dividend Announcement

The business also recently announced a -- dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be given a dividend of $3.7252 per share. The ex-dividend date 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.