Shares of Sunrise Communications AG (NASDAQ:SNRE - Get Free Report) hit a new 52-week high during 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
SNRE has been the subject of a number of analyst reports. Redburn Atlantic downgraded shares of Sunrise Communications from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 20th. Berenberg Bank upgraded shares of Sunrise Communications to a "hold" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Sunrise Communications currently has a consensus rating of "Hold".
View Our Latest Research Report on Sunrise Communications
Sunrise Communications Stock Performance
The company's 50 day moving average is $52.85 and its 200 day moving average is $48.92.
Sunrise Communications (NASDAQ:SNRE - Get Free Report) last announced its quarterly earnings results on Monday, May 19th. The company reported ($0.03) EPS for the quarter. The company had revenue of $803.10 million for the quarter.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SNRE. Anchor Investment Management LLC acquired a new position in Sunrise Communications in the first quarter valued at $26,000. Acadian Asset Management LLC acquired a new position in Sunrise Communications in the first quarter valued at $195,000. Finally, Goldman Sachs Group Inc. acquired a new position in Sunrise Communications in the first quarter valued at $8,207,000.
Sunrise Communications Company Profile
(
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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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