FY2017 Earnings Forecast for Orange SA Issued By Jefferies Group (ORAN)

Orange SA (NYSE:ORAN) – Investment analysts at Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for shares of Orange in a research report issued on Friday, Zacks Investment Research reports. Jefferies Group analyst J. Dellis now anticipates that the technology company will earn $1.24 per share for the year, down from their previous forecast of $1.33. Jefferies Group also issued estimates for Orange’s FY2018 earnings at $1.39 EPS.

ORAN has been the topic of several other reports. Zacks Investment Research cut Orange from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Gabelli restated a “buy” rating on shares of Orange in a research report on Friday, December 1st. BNP Paribas upgraded shares of Orange from an “underperform” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Berenberg Bank upgraded shares of Orange from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Finally, Bank of America upgraded shares of Orange from a “neutral” rating to a “buy” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.00.

Shares of Orange (NYSE:ORAN) traded up $0.14 on Monday, hitting $16.87. The stock had a trading volume of 258,269 shares, compared to its average volume of 362,083. Orange has a 12-month low of $14.94 and a 12-month high of $18.57. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.91.

Several hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC increased its position in shares of Orange by 3.1% in the second quarter. HighTower Advisors LLC now owns 11,058 shares of the technology company’s stock worth $175,000 after purchasing an additional 331 shares during the last quarter. Guardian Capital Advisors LP grew its position in Orange by 0.3% during the second quarter. Guardian Capital Advisors LP now owns 324,369 shares of the technology company’s stock valued at $5,326,000 after acquiring an additional 1,085 shares during the last quarter. Citigroup Inc. grew its position in Orange by 3.6% during the second quarter. Citigroup Inc. now owns 50,886 shares of the technology company’s stock valued at $813,000 after acquiring an additional 1,791 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Orange by 0.3% during the second quarter. Goldman Sachs Group Inc. now owns 741,811 shares of the technology company’s stock valued at $11,854,000 after acquiring an additional 1,856 shares during the last quarter. Finally, Advisor Group Inc. grew its position in Orange by 23.0% during the second quarter. Advisor Group Inc. now owns 13,297 shares of the technology company’s stock valued at $211,000 after acquiring an additional 2,484 shares during the last quarter. Institutional investors own 1.19% of the company’s stock.

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About Orange

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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