Orange S.A. (NYSE:ORAN) Receives $13.08 Average PT from Brokerages

Shares of Orange S.A. (NYSE:ORAN) have received an average rating of “Buy” from the five brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $13.08.

A number of analysts recently weighed in on ORAN shares. StockNews.com upgraded Orange from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. Sanford C. Bernstein assumed coverage on shares of Orange in a research note on Friday, May 24th. They issued an “outperform” rating for the company. Finally, New Street Research upgraded shares of Orange to a “strong-buy” rating in a research report on Monday, July 8th.

Orange Price Performance

ORAN opened at $11.94 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average price of $11.12 and a 200-day moving average price of $11.21. Orange has a 12-month low of $9.82 and a 12-month high of $12.41.

Institutional Trading of Orange

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brandes Investment Partners LP grew its holdings in shares of Orange by 2.8% in the second quarter. Brandes Investment Partners LP now owns 1,757,008 shares of the technology company’s stock worth $17,522,000 after purchasing an additional 48,093 shares during the last quarter. American Century Companies Inc. boosted its position in Orange by 6.2% during the 2nd quarter. American Century Companies Inc. now owns 1,042,285 shares of the technology company’s stock valued at $10,412,000 after buying an additional 60,606 shares during the period. Thornburg Investment Management Inc. grew its holdings in Orange by 20.6% in the 1st quarter. Thornburg Investment Management Inc. now owns 909,419 shares of the technology company’s stock worth $10,661,000 after acquiring an additional 155,549 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Orange by 10.1% in the fourth quarter. QRG Capital Management Inc. now owns 329,342 shares of the technology company’s stock valued at $3,764,000 after acquiring an additional 30,225 shares during the period. Finally, Natixis Advisors L.P. raised its stake in shares of Orange by 4.2% during the fourth quarter. Natixis Advisors L.P. now owns 312,702 shares of the technology company’s stock valued at $3,574,000 after acquiring an additional 12,696 shares during the last quarter.

About Orange

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.