Sunrise Communications (NASDAQ:SNRE) Shares Gap Up – Time to Buy?

Sunrise Communications AG (NASDAQ:SNRE) shares gapped up prior to trading on Monday . The stock had previously closed at $49.56, but opened at $50.81. Sunrise Communications shares last traded at $50.57, with a volume of 47,541 shares trading hands.

Analysts Set New Price Targets

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

Sunrise Communications Trading Up 1.5%

The business has a 50 day moving average of $50.43.

Sunrise Communications (NASDAQ:SNRE) last released its quarterly earnings data on Monday, May 19th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Sunrise Communications Announces Dividend

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

Hedge Funds Weigh In On Sunrise Communications

An institutional investor recently bought a new position in Sunrise Communications stock. Anchor Investment Management LLC bought a new stake in Sunrise Communications AG (NASDAQ:SNRE) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 530 shares of the company’s stock, valued at approximately $26,000.

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.