Orange SA (NYSE:ORAN) was upgraded by equities researchers at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday.
The analysts wrote, “We are slightly ahead of consensus, in contrast with our below-consensus earnings forecasts for other big cap telcos. Orange is the major incumbent where we are furthest ahead of consensus EBITDA in 2018. Whilst Orange trades on a 6 percent FCFY in line with the sector, this includes capex/sales of 20 percent in France — the cost of rolling out FTTH.”
A number of other equities research analysts have also weighed in on ORAN. Bank of America Corp. lowered Orange SA from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 31st. Raymond James Financial Inc. raised Orange SA from a “mkt perform” rating to an “outperform” rating in a research note on Tuesday, July 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $17.00.
Shares of Orange SA (NYSE:ORAN) opened at 15.70 on Tuesday. The stock has a 50 day moving average price of $15.26 and a 200 day moving average price of $16.21. The firm has a market cap of $41.76 billion, a PE ratio of 8.18 and a beta of 0.98. Orange SA has a 52 week low of $14.41 and a 52 week high of $18.32.
About Orange SA
Orange SA is a telecommunications operator. The Company also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s segments include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services.
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