Zacks Investment Research upgraded shares of FRANCE TELE-ADR (ORAN) from UNDERPERFORM to NEUTRAL on July 11, 2013, with a target price of $9.70.
France Telecom is the world's fourth-largest telecommunications carrier with 1996 consolidated operating revenues of FF 151.3 billion and 33 million telephone lines in service. In addition to local, long-distance and international telephony, France Telecom provides businesses and consumers with data, wireless, multimedia, Internet, broadcasting and cable-TV services. A public stock corporation since December 31, 1996, France Telecom held an initial public offering in October 1997.
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