Shares of Sunrise Communications AG (NASDAQ:SNRE - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $52.36, but opened at $53.58. Sunrise Communications shares last traded at $53.50, with a volume of 30,541 shares.
Analysts Set New Price Targets
Separately, Redburn Atlantic downgraded 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 issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Sunrise Communications has a consensus rating of "Hold".
View Our Latest Report on SNRE
Sunrise Communications Stock Performance
The stock's 50 day moving average is $52.01 and its two-hundred day moving average is $48.37.
Sunrise Communications (NASDAQ:SNRE - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $803.10 million for the quarter.
Institutional Investors Weigh In On Sunrise Communications
A hedge fund recently bought a new stake in Sunrise Communications stock. Anchor Investment Management LLC bought a new stake in Sunrise Communications AG (NASDAQ:SNRE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 530 shares of the company's stock, valued at approximately $26,000.
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.
Further Reading
Before you consider Sunrise Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sunrise Communications wasn't on the list.
While Sunrise Communications currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
