The stock of Orange SA (ADR) (NYSE:ORAN) hit a new 52-week low and has $13.51 target or 6.00% below today’s $14.37 share price. The 7 months bearish chart indicates high risk for the $37.99 billion company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $13.51 price target is reached, the company will be worth $2.28 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 304,663 shares traded hands. Orange SA (ADR) (NYSE:ORAN) has declined 13.31% since April 12, 2016 and is downtrending. It has underperformed by 18.30% 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. The stock of Orange SA (ADR) (NYSE:ORAN) earned “Outperform” rating by Raymond James on Tuesday, July 19. On Wednesday, August 31 the stock rating was downgraded by Bank of America to “Neutral”. The stock has “Outperform” rating given by Credit Suisse on Tuesday, September 27. The rating was downgraded by Deutsche Bank on Monday, April 4 to “Hold”. Citigroup upgraded the stock to “Neutral” rating in Wednesday, August 26 report. Deutsche Bank downgraded Orange SA (ADR) (NYSE:ORAN) on Tuesday, July 21 to “Hold” rating. The firm has “Hold” rating by HSBC given on Monday, October 3.
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 recent Orange SA (ADR) (NYSE:ORAN) news were published by: Fool.com which released: “Here’s Why Orange SA Is Advancing in Africa at Top Speed” on October 25, 2015. Also Seekingalpha.com published the news titled: “Orange: Value Or Trap?” on December 21, 2013. Benzinga.com‘s news article titled: “Orange Shares Head Higher Following Credit Suisse Upgrade” with publication date: September 27, 2016 was also an interesting one.
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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