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Sunrise Communications (NASDAQ:SNRE) Sets New 52-Week High - What's Next?

Sunrise Communications logo with background

Sunrise Communications AG (NASDAQ:SNRE - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $54.14 and last traded at $53.76, with a volume of 2049 shares traded. The stock had previously closed at $52.99.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic downgraded Sunrise Communications from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

View Our Latest Stock Report on SNRE

Sunrise Communications Price Performance

The company has a fifty day simple moving average of $48.26.

Sunrise Communications Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a $3.7252 dividend. The ex-dividend date of this dividend is Friday, May 16th.

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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