Sunrise Communications (NASDAQ:SNRE) Posts Quarterly Earnings Results

Sunrise Communications (NASDAQ:SNRE) released its earnings results on Monday. The company reported ($0.03) EPS for the quarter, Zacks reports.

Sunrise Communications Stock Up 1.4%

SNRE traded up $0.69 during trading on Monday, hitting $50.25. 177,469 shares of the stock traded hands, compared to its average volume of 743,143. The company has a 50-day moving average price of $50.22. Sunrise Communications has a 12-month low of $42.51 and a 12-month high of $54.96.

Sunrise Communications Announces Dividend

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

Analyst Ratings Changes

Separately, 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 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 data from MarketBeat, the stock currently has an average rating of “Hold”.

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.