Orange hit by SocGen downgrade

Following a 2014 rally that has seen shares rise 35% going into today, SocGen has downgraded Orange (ORAN -2.3%) to Hold.

Shares have been boosted by hopes for stabilizing French sales (hurt by intense price competition), possibly aided by mobile consolidation.

The downgrade comes a few days after Orange struck a deal with Africell to unload its stake in Orange Uganda. The carrier is reportedly looking to exit several African markets where it doesn't have a top-2 position.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs