TMCnet News
Upgrade Alert for France Telecom (FTE)Apr 11, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- France Telecom (NYSE:FTE) was upgraded from Hold to Buy at Societe Generale today. The stock closed yesterday at $10.34 on volume of 1.7 million shares, above average daily volume of 1.4 million. France Telecom has overhead space with shares priced $10.34, or 27.7% below the average consensus analyst price target of $14.30. France Telecom shares should first meet resistance at the 50-day moving average (MA) of $10.44 and find additional resistance at the 200-day MA of $11.79. In the past 52 weeks, France Telecom share prices have been bracketed by a low of $9.46 and a high of $14.33 and closed yesterday at $10.34, 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.8%. France Telecom SA provides telecommunications services to residential, professional, and large business customers. The Company offers public fixed-line telephone, leased lines and data transmission, mobile telecommunications, cable television, Internet and wireless applications, and broadcasting services, and telecommunications equipment sales and rentals. SmarTrend is tracking the current trend status for France Telecom and will alert subscribers who have FTE in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |