Credit Suisse Group AG upgraded shares of Orange SA (NYSE:ORAN) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday.

“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.,” the firm’s analyst wrote.

A number of other research firms also recently issued reports on ORAN. Raymond James Financial Inc. upgraded shares of Orange SA from a mkt perform rating to an outperform rating in a research report on Tuesday, July 19th. Bank of America Corp. downgraded shares of Orange SA from a buy rating to a neutral rating in a research report on Wednesday, August 31st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $17.00.

Analyst Recommendations for Orange SA (NYSE:ORAN)

Shares of Orange SA (NYSE:ORAN) opened at 15.42 on Tuesday. Orange SA has a one year low of $14.41 and a one year high of $18.32. The company has a market cap of $41.01 billion, a P/E ratio of 8.04 and a beta of 0.98. The company’s 50 day moving average is $15.25 and its 200 day moving average is $16.21.

Orange SA Company Profile

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.

5 Day Chart for NYSE:ORAN

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