Orange (NYSE:ORAN) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Orange (NYSE:ORAN) from a sell rating to a hold rating in a research report released on Saturday, 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. “

Other analysts also recently issued reports about the company. New Street Research upgraded Orange from a neutral rating to a buy rating in a report on Wednesday, September 11th. ValuEngine downgraded Orange from a hold rating to a sell rating in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. downgraded Orange from an overweight rating to a neutral rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Orange currently has an average rating of Hold and an average target price of $17.00.

ORAN stock opened at $16.53 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.79 and a quick ratio of 0.76. The business has a 50-day moving average price of $15.65 and a 200 day moving average price of $15.49. The company has a market capitalization of $44.21 billion, a P/E ratio of 22.64, a PEG ratio of 1.40 and a beta of 0.40. Orange has a 1-year low of $14.57 and a 1-year high of $17.06.

Several hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley raised its holdings in shares of 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 raised its holdings in Orange by 5.9% in the second quarter. Northern Trust Corp now owns 2,783,107 shares of the technology company’s stock worth $43,750,000 after purchasing an additional 154,848 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings 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 worth $19,962,000 after purchasing an additional 127,202 shares in the last quarter. Royal Bank of Canada raised its holdings 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 worth $15,939,000 after purchasing an additional 155,940 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in Orange by 11.9% in the second quarter. Aperio Group LLC now owns 735,716 shares of the technology company’s stock worth $11,565,000 after purchasing an additional 78,436 shares in the last quarter. Hedge funds and other institutional investors own 1.37% 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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