Sunrise Communications (NASDAQ:SNRE) Trading Down 2.9% – Should You Sell?

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

Analyst Ratings Changes

SNRE has been the topic of several research reports. The Goldman Sachs Group raised Sunrise Communications to a “strong sell” rating in a research report on Monday, December 9th. Redburn Atlantic cut shares of Sunrise Communications from a “strong-buy” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Sunrise Communications Stock Down 3.3 %

The company’s fifty day moving average is $47.07.

Sunrise Communications Dividend Announcement

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

About Sunrise Communications

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.