Sunrise Communications (NASDAQ:SNRE) Trading Down 2.9% – Here’s What Happened

Shares of Sunrise Communications AG (NASDAQ:SNRE) fell 2.9% on Monday . The stock traded as low as $46.31 and last traded at $46.41. 169,360 shares traded hands during trading, a decline of 82% from the average session volume of 947,015 shares. The stock had previously closed at $47.81.

Analysts Set New Price Targets

A number of equities analysts have commented on SNRE shares. The Goldman Sachs Group raised Sunrise Communications to a “strong sell” rating in a research note on Monday, December 9th. Redburn Atlantic cut shares of Sunrise Communications from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Sunrise Communications Price Performance

The stock’s 50-day moving average is $47.10.

Sunrise Communications Announces Dividend

The firm also recently announced a — dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be issued a dividend of $3.7252 per share. The ex-dividend date of this dividend is Thursday, May 15th.

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.