Orange SA (ADR) (ORAN) is Downgraded by HSBC Securities to Hold

Orange SA (ADR) (ORAN) was Downgraded by HSBC Securities to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. HSBC Securities advised their investors in a research report released on Oct 3, 2016.

Many Wall Street Analysts have commented on Orange SA (ADR). Orange SA (ADR) was Downgraded by HSBC Securities to ” Hold” on Oct 3, 2016. Orange SA (ADR) was Upgraded by Credit Suisse to ” Outperform” on Sep 27, 2016. Orange SA (ADR) was Downgraded by BofA/Merrill to ” Neutral” on Aug 31, 2016.

Orange SA (ADR) opened for trading at $15.47 and hit $15.65 on the upside on Friday, eventually ending the session at $15.58, with a gain of 0.78% or 0.12 points. The heightened volatility saw the trading volume jump to 4,46,285 shares. Company has a market cap of $41,444 M.

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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