Shares of Sunrise Communications AG (NASDAQ:SNRE - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $57.02 and last traded at $56.54, with a volume of 153262 shares. The stock had previously closed at $56.55.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Berenberg Bank raised shares of Sunrise Communications to a "hold" rating in a research note on Thursday, June 26th. Redburn Atlantic lowered shares of Sunrise Communications from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold".
Check Out Our Latest Report on Sunrise Communications
Sunrise Communications Trading Down 0.4%
The firm has a 50-day moving average of $53.05 and a 200-day moving average of $49.12.
Sunrise Communications (NASDAQ:SNRE - Get Free Report) 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.
Institutional Investors Weigh In On Sunrise Communications
A number of large investors have recently added to or reduced their stakes in SNRE. Anchor Investment Management LLC bought a new position in shares of Sunrise Communications during the first quarter valued at about $26,000. Central Pacific Bank Trust Division purchased a new position in Sunrise Communications during the 2nd quarter valued at about $175,000. Acadian Asset Management LLC bought a new position in Sunrise Communications during the 1st quarter valued at approximately $195,000. Finally, Goldman Sachs Group Inc. bought a new position in Sunrise Communications during the 1st quarter valued at approximately $8,207,000.
About Sunrise Communications
(
Get Free Report)
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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