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Sunrise Communications AG Class A ( (CH:SUNN) ) just unveiled an announcement.
Sunrise Communications AG announced the termination of its sponsored Class A ADS program, with 93.1% of the ADSs exchanged for Class A shares. The remaining shares were sold in an accelerated bookbuilding transaction, and proceeds will be distributed to former ADS holders. This move maintains Sunrise’s presence on the SIX Swiss Exchange under the ticker ‘SUNN’, potentially streamlining its operations and reinforcing its market position.
The most recent analyst rating on (CH:SUNN) stock is a Buy with a CHF51.00 price target. To see the full list of analyst forecasts on Sunrise Communications AG Class A stock, see the CH:SUNN Stock Forecast page.
More about Sunrise Communications AG Class A
Sunrise Communications AG is a leading telecommunications company in Switzerland, holding a strong second position in the market. It offers comprehensive fixed network access and a world-class mobile network with extensive gigabit coverage. Sunrise provides high-quality mobile, fixed-line, broadband, and TV services to private customers, and 360° communication and integrated ICT solutions to business customers. The company is known for its dynamic, international environment and commitment to diversity, employing approximately 2850 people from around 80 nations.
YTD Price Performance: 15.59%
Average Trading Volume: 249,467
Technical Sentiment Signal: Strong Sell
Current Market Cap: CHF3.09B
See more insights into SUNN stock on TipRanks’ Stock Analysis page.