Orange (ORAN) : 2 brokerage houses believe that Orange (ORAN) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Orange (ORAN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.
Also, In the latest statement by the brokerage house, Bank of America downgrades its outlook on Orange (NYSE:ORAN). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on August 31, 2016.
Orange (NYSE:ORAN): After opening at $14.77, the stock dipped to an intraday low of $14.67 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.78 and the buying power remained strong till the end. The stock closed at $14.7 for the day, a gain of 0.07% for the day session. The total traded volume was 599,966. The stocks close on the previous trading day was $14.69.
Orange SA, formerly France Telecom SA, is a France-based company that is engaged, principally, in the provision of integrated telecommunications services. The Company is also a European mobile operator, Internet access provider in Europe, and telecommunications services provider for multinational businesses under the Orange brand. The Company offers its individual customers, residential clients, corporate businesses and other telecommunications operators a range of services covering fixed and mobile communications, data transmission, wireless telecommunication services, broadcasting services, Internet and multimedia and advertizing services, among others. The Companys segments include France, Poland, Spain, United Kingdom, Rest of the World, Business Communication Services, International Carriers and Shared Services. In September 2013, it acquired the consulting firm Inoven Altenor. In April 2014, it acquired Orange Dominicana SA.