Sunrise Communications (NASDAQ:SNRE) Downgraded to Hold Rating by Redburn Atlantic

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

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft initiated coverage on Sunrise Communications in a research note on Thursday, November 21st. They issued a “buy” rating for the company. The Goldman Sachs Group upgraded Sunrise Communications to a “strong sell” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Sunrise Communications has an average rating of “Hold”.

Sunrise Communications Price Performance

SNRE opened at $47.81 on Thursday. The firm has a fifty day moving average price of $47.07. Sunrise Communications has a fifty-two week low of $42.51 and a fifty-two week high of $50.63.

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.