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Orange Declines After Downgrade to Hold at Societe Generale

Orange Declines After Downgrade to Hold at Societe Generale

Orange SA (ORAN) fell in early trading Friday after being downgraded to a hold rating from a buy at Societe Generale. The French telephone company declined 2.6% in pre-market trading to $16.30 per American depositary receipt. It reached a two-year high of $17.23 during regular trading on May 19.

Orange Declines After Downgrade to Hold at Societe Generale