New Street Research upgraded shares of Orange (NYSE:ORAN) from a neutral rating to a buy rating in a report released on Wednesday, The Fly reports.
A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised Orange from a sell rating to a hold rating in a research note on Tuesday, September 10th. Morgan Stanley downgraded Orange from an overweight rating to an equal weight rating in a research note on Thursday, June 6th. ValuEngine downgraded Orange from a hold rating to a sell rating in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. downgraded Orange from an overweight rating to a neutral rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Orange currently has a consensus rating of Hold and an average target price of $17.00.
Shares of ORAN stock opened at $15.29 on Wednesday. The stock’s 50 day simple moving average is $14.93 and its 200 day simple moving average is $15.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.79. Orange has a twelve month low of $14.57 and a twelve month high of $17.06. The company has a market capitalization of $40.67 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.18 and a beta of 0.40.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank grew its holdings in Orange by 2.6% in the 2nd quarter. Comerica Bank now owns 171,127 shares of the technology company’s stock valued at $2,555,000 after buying an additional 4,311 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Orange by 3.4% in the 1st quarter. JPMorgan Chase & Co. now owns 313,386 shares of the technology company’s stock valued at $5,108,000 after buying an additional 10,432 shares during the last quarter. NEXT Financial Group Inc grew its holdings in Orange by 226.6% in the 2nd quarter. NEXT Financial Group Inc now owns 2,162 shares of the technology company’s stock valued at $34,000 after buying an additional 1,500 shares during the last quarter. SRS Capital Advisors Inc. acquired a new stake in Orange in the 2nd quarter valued at approximately $35,000. Finally, Eqis Capital Management Inc. grew its holdings in Orange by 103.9% in the 2nd quarter. Eqis Capital Management Inc. now owns 22,421 shares of the technology company’s stock valued at $352,000 after buying an additional 11,423 shares during the last quarter. 1.37% of the stock is currently owned by hedge funds and other institutional investors.
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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