Notable Mover: Could Orange SA (ADR) See a Reversal After This Very Strong Session?

Notable Mover: Could Orange SA (ADR) See a Reversal After This Very Strong Session?

The stock of Orange SA (ADR) (NYSE:ORAN) is a huge mover today! About 238,127 shares traded hands. Orange SA (ADR) (NYSE:ORAN) has declined 12.38% since March 1, 2016 and is downtrending. It has underperformed by 21.62% the S&P500.
The move comes after 7 months positive chart setup for the $41.25 billion company. It was reported on Oct, 4 by We have $18.70 PT which if reached, will make NYSE:ORAN worth $8.25 billion more.

Orange SA (ADR) (NYSE:ORAN) Ratings Coverage

Out of 6 analysts covering Orange (NYSE:ORAN), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Orange has been the topic of 7 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, July 21 the stock rating was downgraded by Deutsche Bank to “Hold”. The rating was downgraded by Bank of America to “Neutral” on Wednesday, August 31. The stock has “Hold” rating given by Deutsche Bank on Monday, April 4. HSBC downgraded the shares of ORAN in a report on Monday, October 3 to “Hold” rating. The firm has “Neutral” rating by Citigroup given on Wednesday, August 26. The stock of Orange SA (ADR) (NYSE:ORAN) has “Outperform” rating given on Tuesday, July 19 by Raymond James. The firm has “Outperform” rating given on Tuesday, September 27 by Credit Suisse.

According to Zacks Investment Research, “Orange SA provides telecommunications services. It offers a range of fixed telephony and mobile telecommunications, data transmission, Internet and multimedia, and other value-added services to consumers, businesses, and other telecommunications operators under the Orange brand worldwide. Orange SA, formerly known as France Telecom S.A., is based in Paris, France.”

ORAN Company Profile

Orange SA, incorporated on January 1, 1991, is a telecommunications operator. The Firm also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s divisions include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services. The Firm provides consumers, businesses and other telecommunications operators with a range of services, including fixed telephony and mobile telecommunications, data transmission and other value-added services, mainly in Europe, Africa and the Middle East.

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