Zacks Investment Research lowered shares of Orange (NYSE:ORAN) from a buy rating to a sell rating in a research report sent to investors on Thursday.
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, Argus reduced their target price on shares of Orange from $21.00 to $19.00 and set a buy rating for the company in a report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Orange presently has a consensus rating of Hold and an average price target of $18.50.
Shares of NYSE:ORAN opened at $15.83 on Thursday. The company has a market cap of $42.24 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 0.51 and a beta of 0.63. Orange has a 1-year low of $15.67 and a 1-year high of $18.57. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 0.88.
A number of large investors have recently modified their holdings of ORAN. Wells Fargo & Company MN boosted its holdings in Orange by 10.6% during the first quarter. Wells Fargo & Company MN now owns 1,079,528 shares of the technology company’s stock worth $18,438,000 after buying an additional 103,793 shares in the last quarter. Financial Gravity Wealth Inc. bought a new stake in Orange during the first quarter worth approximately $198,000. Aperio Group LLC boosted its holdings in Orange by 12.0% during the first quarter. Aperio Group LLC now owns 544,638 shares of the technology company’s stock worth $9,302,000 after buying an additional 58,529 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in Orange by 15.0% during the first quarter. Eagle Asset Management Inc. now owns 25,516 shares of the technology company’s stock worth $435,000 after buying an additional 3,337 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Orange by 4.0% during the first quarter. Northern Trust Corp now owns 2,626,927 shares of the technology company’s stock worth $44,868,000 after buying an additional 100,342 shares in the last quarter. Hedge funds and other institutional investors own 1.44% of the company’s stock.
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. It offers mobile, fixed-line telephony, fixed broadband, business solutions and networks, and carrier services; sells mobile devices, equipment, and accessories; and sells and rents fixed-line equipment.
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