Orange (NYSE:ORAN) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Orange (NYSE:ORAN) from a hold rating to a sell rating in a research note issued to investors on Friday morning, Zacks.com reports.

According to Zacks, “Orange SA provides telecommunications services. It offers a range of fixed telephony and mobile telecommunications, data transmission, Internet and multimedia, and other value-added services to consumers, businesses, and other telecommunications operators under the Orange brand worldwide. Orange SA, formerly known as France Telecom S.A., is based in Paris, France. “

Separately, Morgan Stanley downgraded shares of Orange from an overweight rating to an equal weight rating in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $18.00.



Shares of ORAN stock traded up $0.23 on Friday, reaching $14.91. 617,200 shares of the stock were exchanged, compared to its average volume of 742,225. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average price is $15.04 and its 200 day moving average price is $15.51. The company has a market capitalization of $38.92 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.02 and a beta of 0.40. Orange has a twelve month low of $14.57 and a twelve month high of $17.06.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley boosted its stake in Orange by 8.7% in the second quarter. Morgan Stanley now owns 4,412,680 shares of the technology company’s stock valued at $69,367,000 after acquiring an additional 355,040 shares in the last quarter. Northern Trust Corp boosted its stake in Orange by 5.9% in the second quarter. Northern Trust Corp now owns 2,783,107 shares of the technology company’s stock valued at $43,750,000 after acquiring an additional 154,848 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Orange by 11.1% in the second quarter. Parametric Portfolio Associates LLC now owns 1,269,857 shares of the technology company’s stock valued at $19,962,000 after acquiring an additional 127,202 shares in the last quarter. Royal Bank of Canada boosted its stake in Orange by 18.2% in the second quarter. Royal Bank of Canada now owns 1,013,934 shares of the technology company’s stock valued at $15,939,000 after acquiring an additional 155,940 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in Orange by 11.9% in the second quarter. Aperio Group LLC now owns 735,716 shares of the technology company’s stock valued at $11,565,000 after acquiring an additional 78,436 shares in the last quarter. Institutional investors own 1.42% of the company’s stock.

About Orange

Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.

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