StockNews.com Begins Coverage on Orange (NYSE:ORAN)

StockNews.com started coverage on shares of Orange (NYSE:ORAN) in a report issued on Tuesday. The brokerage issued a strong-buy rating on the technology company’s stock.

Separately, New Street Research upgraded Orange to a “strong-buy” rating in a research note on Monday, July 8th.

Orange Price Performance

Orange has a one year low of $9.82 and a one year high of $12.41. The company has a market capitalization of $29.63 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.73 and a beta of 0.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.94 and a quick ratio of 0.91. The company has a 50-day moving average price of $11.51 and a 200 day moving average price of $11.20.

Hedge Funds Weigh In On Orange

A number of institutional investors have recently added to or reduced their stakes in ORAN. Thornburg Investment Management Inc. grew its stake in shares of Orange by 20.6% during the first quarter. Thornburg Investment Management Inc. now owns 909,419 shares of the technology company’s stock worth $10,661,000 after buying an additional 155,549 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Orange during the 2nd quarter valued at $1,411,000. American Century Companies Inc. grew 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 worth $10,412,000 after acquiring an additional 60,606 shares during the last quarter. Brandes Investment Partners LP increased its holdings in Orange by 2.8% in the 2nd 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 in the last quarter. Finally, Simplicity Wealth LLC raised its position in Orange by 16.6% in the second quarter. Simplicity Wealth LLC now owns 310,388 shares of the technology company’s stock valued at $3,101,000 after purchasing an additional 44,290 shares during the last quarter.

Orange Company Profile

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.