France Telecom's stock is down 1.7% to $13.52 on heavy trading volume. About 2.4 million shares have been traded today, as compared to the 30-day average volume of 2.0 million shares. Spikes in volume can validate a breakout or signify a potential turning point.
France Telecom (NYSE:FTE) has potential upside of 25.7% based on a current price of $13.52 and analysts' consensus price target of $17.00. France Telecom shares should first meet resistance at the 50-day moving average (MA) of $14.29 and find additional resistance at the 200-day MA of $16.12.
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.
France Telecom share prices have moved between a 52-week high of $22.94 and a 52-week low of $12.98 and are now trading 4% above that low price at $13.52 per share. The 200-day and 50-day moving averages have moved 0.85% lower and 1.05% lower over the past week, respectively.
