Sunrise Communications (NASDAQ:SNRE) Upgraded at Berenberg Bank

Sunrise Communications (NASDAQ:SNRE) was upgraded by research analysts at Berenberg Bank to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

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

Sunrise Communications Trading Up 0.9%

Shares of Sunrise Communications stock opened at $55.48 on Thursday. Sunrise Communications has a 52-week low of $42.51 and a 52-week high of $55.68. The stock has a 50-day simple moving average of $52.85 and a 200-day simple moving average of $48.90.

Sunrise Communications (NASDAQ:SNRE) last announced its quarterly earnings results on Monday, May 19th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $803.10 million during the quarter.

Institutional Investors Weigh In On Sunrise Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNRE. Goldman Sachs Group Inc. acquired a new stake in Sunrise Communications in the 1st quarter worth approximately $8,207,000. Acadian Asset Management LLC acquired a new stake in Sunrise Communications in the 1st quarter worth approximately $195,000. Finally, Anchor Investment Management LLC acquired a new position in shares of Sunrise Communications during the first quarter worth approximately $26,000.

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.