Sunrise Communications (NASDAQ:SNRE) Hits New 12-Month High – Still a Buy?

Shares of Sunrise Communications AG (NASDAQ:SNRE) reached a new 52-week high during trading on Thursday . The stock traded as high as $52.40 and last traded at $51.81, with a volume of 240620 shares trading hands. The stock had previously closed at $51.86.

Analysts Set New Price Targets

Separately, Redburn Atlantic lowered shares of Sunrise Communications from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 20th. Two research 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 MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Sunrise Communications Stock Down 0.1 %

The firm has a 50 day moving average price of $47.22.

Sunrise Communications Announces Dividend

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

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.