Orange (EPA:ORA) Shares Cross Below 50-Day Moving Average of $13.40

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Orange SA (EPA:ORA)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $13.40 and traded as low as $13.39. Orange shares last traded at $13.52, with a volume of 5,406,585 shares changing hands.

A number of equities research analysts have commented on ORA shares. Morgan Stanley set a €16.50 ($19.19) price objective on Orange and gave the company a “neutral” rating in a research note on Thursday, July 18th. Credit Suisse Group set a €16.00 ($18.60) price objective on Orange and gave the company a “buy” rating in a research note on Wednesday, July 10th. Goldman Sachs Group set a €18.30 ($21.28) price objective on Orange and gave the company a “buy” rating in a research note on Thursday, July 25th. Berenberg Bank set a €16.80 ($19.53) price objective on Orange and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. set a €16.50 ($19.19) price objective on Orange and gave the company a “buy” rating in a research note on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of €16.46 ($19.14).

The firm’s 50-day moving average is €13.39.

About Orange (EPA:ORA)

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.

Further Reading: Oversold

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