Credit Suisse Group set a €16.00 ($18.60) target price on Orange (EPA:ORA) in a report published on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other research firms have also recently commented on ORA. JPMorgan Chase & Co. set a €15.50 ($18.02) price target on Orange and gave the company a neutral rating in a report on Tuesday. Goldman Sachs Group set a €18.30 ($21.28) price target on Orange and gave the company a buy rating in a report on Friday, September 20th. Jefferies Financial Group set a €16.50 ($19.19) price target on Orange and gave the company a buy rating in a report on Thursday, July 25th. Deutsche Bank set a €17.00 ($19.77) price target on Orange and gave the company a buy rating in a report on Monday, July 29th. Finally, Barclays set a €16.00 ($18.60) price target on Orange and gave the company a neutral rating in a report on Thursday, July 11th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of €16.38 ($19.04).
Orange stock traded up €0.06 ($0.07) during trading hours on Thursday, hitting €14.93 ($17.35). The stock had a trading volume of 5,922,770 shares, compared to its average volume of 7,300,000. The company’s 50-day simple moving average is €14.11. Orange has a fifty-two week low of €13.31 ($15.48) and a fifty-two week high of €15.80 ($18.37).
Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.
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