Sunrise Communications (NASDAQ:SNRE) Cut to Hold at Redburn Atlantic

Sunrise Communications (NASDAQ:SNRE) was downgraded by investment analysts at Redburn Atlantic from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

SNRE has been the subject of a number of other reports. The Goldman Sachs Group raised shares of Sunrise Communications to a “strong sell” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Sunrise Communications in a report on Thursday, November 21st. They set a “buy” rating for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Sunrise Communications presently has a consensus rating of “Hold”.

Sunrise Communications Stock Up 1.5 %

SNRE opened at $47.81 on Thursday. The company’s fifty day moving average price is $47.07. Sunrise Communications has a twelve month low of $42.51 and a twelve month high of $50.63.

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.