The stock of Orange SA (ADR) (NYSE:ORAN) hit a new 52-week low and has $13.21 target or 7.00% below today’s $14.20 share price. The 6 months bearish chart indicates high risk for the $37.97B company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $13.21 price target is reached, the company will be worth $2.66 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 68,398 shares traded hands. Orange SA (ADR) (NYSE:ORAN) has declined 14.49% since April 28, 2016 and is downtrending. It has underperformed by 20.42% the S&P500.
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. Citigroup upgraded the stock to “Neutral” rating in Wednesday, August 26 report. As per Tuesday, September 27, the company rating was upgraded by Credit Suisse. Bank of America downgraded Orange SA (ADR) (NYSE:ORAN) on Wednesday, August 31 to “Neutral” rating. On Monday, April 4 the stock rating was downgraded by Deutsche Bank to “Hold”. The stock of Orange SA (ADR) (NYSE:ORAN) has “Hold” rating given on Monday, October 3 by HSBC. The stock of Orange SA (ADR) (NYSE:ORAN) earned “Hold” rating by Deutsche Bank on Tuesday, July 21. The rating was upgraded by Raymond James on Tuesday, July 19 to “Outperform”.
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.”
More news for Orange SA (ADR) (NYSE:ORAN) were recently published by: Fool.com, which released: “Here’s Why Orange SA Is Advancing in Africa at Top Speed” on October 25, 2015. Seekingalpha.com‘s article titled: “Orange: Value Or Trap?” and published on December 21, 2013 is yet another important article.
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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