Orange SA (ADR) (ORAN) is Downgraded by BofA/Merrill to Neutral

Orange SA (ADR) (ORAN) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on Aug 31, 2016.

Many Wall Street Analysts have commented on Orange SA (ADR). Orange SA (ADR) was Upgraded by Raymond James to ” Outperform” on Jul 19, 2016.

Orange SA (ADR) closed down -0.09 points or -0.59% at $15.16 with 2,42,402 shares getting traded on Monday. Post opening the session at $15.07, the shares hit an intraday low of $15.06 and an intraday high of $15.16 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 Company’s 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.

Orange SA (ADR)

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