France Telecom (FTE) NewsBite - France Telecom Lower on Downgrade

Posted on Friday, April 18, 2008 1:28 PM

France Telecom (FTE) opened at 30.91. So far today, the stock has hit a low of 30.90 and a high of 31.66. FTE is now trading at 31.33, down 0.24 (-0.78%). The stock hit its 52 week high of 39.70 in November and set its 52 week low of 26.40 in July. FTE rose during the second half of 2007, but has been weaker this year. Shares of France Telecom have been trading lower after a UBS analyst slashed his rating on the stock today to "Neutral" from "Buy."Technical indicators for the stock are bullish but deteriorating while S&P gives FTE a positive 4 STARS (out of 5) buy rating. We will just watch this one for now. There are no options available for FTE. [RHF - Seven Summits Strategic Investments NewsBite]

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