Sunrise Communications (NASDAQ:SNRE) Shares Gap Up – Should You Buy?

Sunrise Communications AG (NASDAQ:SNRE)’s share price 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 changing hands.

Wall Street Analysts Forecast Growth

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

Sunrise Communications Stock Up 1.8%

The company has a 50 day simple moving average of $50.22.

Sunrise Communications Dividend Announcement

The company also recently declared 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 is Friday, May 16th.

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.