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 t

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.