Brokerage Firm Rating Update on Orange (ORAN)

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 Sell with a rank of 4.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of Orange (NYSE:ORAN). Bank of America has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 31, 2016.

Orange (NYSE:ORAN): stock was range-bound between the intraday low of $15.21 and the intraday high of $15.3234 after having opened at $15.22 on Wednesdays session. The stock finally closed in the red at $15.22, a loss of -0.20%. The stock remained in the red for the whole trading day. The total traded volume was 391,264 shares. The stock failed to cross $15.3234 in Wednesdays trading. The stocks closing price on Thursday was $15.33.

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.

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