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. “

Separately, Morgan Stanley cut Orange from an overweight rating to an equal weight rating in a report on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $18.00.

ORAN stock opened at $14.82 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. Orange has a 12-month low of $14.57 and a 12-month high of $17.07. The firm has a market cap of $39.53 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.04 and a beta of 0.40. The business has a 50-day moving average price of $15.23.

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of Orange by 53.2% in the fourth quarter. Geode Capital Management LLC now owns 52,853 shares of the technology company’s stock worth $855,000 after acquiring an additional 18,353 shares during the period. FMR LLC lifted its stake in shares of Orange by 1.7% in the fourth quarter. FMR LLC now owns 401,053 shares of the technology company’s stock worth $6,493,000 after acquiring an additional 6,625 shares during the period. Vigilant Capital Management LLC acquired a new position in shares of Orange in the first quarter worth approximately $72,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Orange in the first quarter worth approximately $387,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Orange in the first quarter worth approximately $170,000. Institutional investors own 1.43% of the company’s stock.

Orange Company Profile

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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