Credit Suisse Group Reiterates “€16.00” Price Target for Orange (EPA:ORA)

Credit Suisse Group set a €16.00 ($18.60) price objective on Orange (EPA:ORA) in a report published on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other research firms have also weighed in on ORA. Morgan Stanley set a $14.00 price target on shares of Secureworks and gave the stock a hold rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. reiterated a hold rating and issued a $7.00 price target on shares of Deutsche Bank in a research report on Thursday, April 25th. Deutsche Bank set a $15.00 price target on shares of Star Bulk Carriers and gave the stock a buy rating in a research report on Friday, May 24th. Goldman Sachs Group restated a hold rating and set a $80.00 target price on shares of Exxon Mobil in a research report on Monday, April 29th. Finally, HSBC set a €231.00 ($268.60) target price on shares of MTU Aero Engines and gave the stock a buy rating in a research report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Orange presently has an average rating of Buy and a consensus target price of €16.48 ($19.16).

ORA opened at €13.41 ($15.59) on Wednesday. Orange has a 1-year low of €13.31 ($15.48) and a 1-year high of €15.80 ($18.37). The stock has a 50 day moving average price of €13.88.

About Orange

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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