Sunrise Communications AG (NASDAQ:SNRE) Receives Average Rating of “Hold” from Analysts

Shares of Sunrise Communications AG (NASDAQ:SNRE) have been assigned an average rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company.

Several analysts recently commented on SNRE shares. Berenberg Bank raised shares of Sunrise Communications to a “hold” rating in a research note on Thursday, June 26th. Redburn Atlantic lowered shares of Sunrise Communications from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 20th.

Sunrise Communications Stock Down 0.0%

Shares of NASDAQ:SNRE opened at $56.54 on Friday. The company has a 50 day moving average of $52.98 and a 200-day moving average of $49.07. Sunrise Communications has a twelve month low of $42.51 and a twelve month high of $57.02.

Sunrise Communications (NASDAQ:SNRE) last released its 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 Investors Weigh In On Sunrise Communications

Several hedge funds have recently made changes to their positions in SNRE. Anchor Investment Management LLC purchased a new stake in shares of Sunrise Communications in the 1st quarter valued at approximately $26,000. Acadian Asset Management LLC purchased a new stake in shares of Sunrise Communications in the 1st quarter valued at approximately $195,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Sunrise Communications in the 1st quarter valued at approximately $8,207,000.

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.