Sunrise Communications (NASDAQ:SNRE) Hits New 1-Year High – Still a Buy?

Sunrise Communications AG (NASDAQ:SNRE) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $54.10 and last traded at $54.01, with a volume of 209980 shares traded. The stock had previously closed at $52.64.

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 report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Sunrise Communications Stock Performance

The business’s 50-day moving average price is $47.93.

Sunrise Communications Dividend Announcement

The business also recently announced a — dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be issued a $3.7252 dividend. The ex-dividend date is Friday, May 16th.

Sunrise Communications Company Profile

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.