Sunrise Communications AG (NASDAQ:SNRE - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $55.01 and last traded at $54.89, with a volume of 76156 shares traded. The stock had previously closed at $53.59.
Wall Street Analyst Weigh In
Separately, Redburn Atlantic cut Sunrise Communications from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Sunrise Communications currently has an average rating of "Hold".
Read Our Latest Research Report on SNRE
Sunrise Communications Stock Up 3.0%
The company has a 50 day simple moving average of $52.77 and a 200-day simple moving average of $48.77.
Sunrise Communications (NASDAQ:SNRE - Get Free Report) last announced its earnings results on Monday, May 19th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $803.10 million during the quarter.
Institutional Trading of Sunrise Communications
An institutional investor recently bought a new position in Sunrise Communications stock. Anchor Investment Management LLC purchased a new position in shares of Sunrise Communications AG (NASDAQ:SNRE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 530 shares of the company's stock, valued at approximately $26,000.
Sunrise Communications Company Profile
(
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.
See Also
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