Gabelli reaffirmed their buy rating on shares of Orange (NYSE:ORAN) in a research report sent to investors on Friday morning.
Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Orange from a sell rating to a buy rating and set a $18.00 target price on the stock in a research note on Wednesday, October 4th. Bank of America upgraded Orange from a neutral rating to a buy rating in a research note on Monday, October 30th. BidaskClub upgraded Orange from a sell rating to a hold rating in a research note on Wednesday, September 20th. Finally, BNP Paribas reiterated an underperform rating on shares of Orange in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $18.00.
Orange (ORAN) traded down $0.05 on Friday, reaching $16.87. The company’s stock had a trading volume of 294,900 shares, compared to its average volume of 360,478. Orange has a 52 week low of $14.06 and a 52 week high of $17.63. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.91.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, December 28th. Investors of record on Monday, December 4th will be paid a $0.294 dividend. The ex-dividend date is Friday, December 1st. This represents a dividend yield of 3.57%. Orange’s dividend payout ratio (DPR) is presently 250.00%.
Several institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in shares of Orange by 6.9% in the third quarter. Janney Montgomery Scott LLC now owns 79,823 shares of the technology company’s stock valued at $1,311,000 after buying an additional 5,145 shares in the last quarter. Camelot Portfolios LLC raised its holdings in Orange by 3.9% during the third quarter. Camelot Portfolios LLC now owns 138,708 shares of the technology company’s stock worth $2,278,000 after purchasing an additional 5,164 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Orange by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 293,075 shares of the technology company’s stock worth $4,794,000 after purchasing an additional 69,627 shares during the last quarter. ETRADE Capital Management LLC raised its holdings in Orange by 7.1% during the third quarter. ETRADE Capital Management LLC now owns 51,162 shares of the technology company’s stock worth $840,000 after purchasing an additional 3,373 shares during the last quarter. Finally, NorthCoast Asset Management LLC raised its holdings in Orange by 20.9% during the third quarter. NorthCoast Asset Management LLC now owns 90,171 shares of the technology company’s stock worth $1,481,000 after purchasing an additional 15,595 shares during the last quarter. Hedge funds and other institutional investors own 1.19% of the company’s stock.
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Orange Company Profile
Orange SA is a telecommunications operator. The Company also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s segments include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services.
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