Barclays reaffirmed their equal weight rating on shares of Orange (NYSE:ORAN) in a research note released on Friday morning, The Fly reports.
ORAN has been the topic of a number of other reports. Bank of America raised shares of Orange from a neutral rating to a buy rating in a report on Monday, March 16th. Morgan Stanley restated an underweight rating on shares of Orange in a research note on Thursday, April 9th. downgraded Orange from a buy rating to a neutral rating in a research note on Tuesday, June 9th. ValuEngine downgraded Orange from a hold rating to a sell rating in a research note on Friday, May 1st. Finally, Goldman Sachs Group raised Orange from a neutral rating to a buy rating in a report on Thursday, March 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $15.00.
Orange stock opened at $11.89 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 0.98. Orange has a 12-month low of $9.93 and a 12-month high of $16.64. The firm’s fifty day moving average is $11.72 and its 200 day moving average is $12.99. The company has a market capitalization of $30.80 billion, a PE ratio of 10.43, a PEG ratio of 1.58 and a beta of 0.35.
The firm also recently announced a — dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, January 1st were given a $0.1623 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a yield of 3.3%. Orange’s dividend payout ratio is currently 29.82%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. boosted its position in shares of Orange by 330.5% during the 1st quarter. Citigroup Inc. now owns 524,673 shares of the technology company’s stock worth $6,338,000 after acquiring an additional 402,806 shares in the last quarter. Howe & Rusling Inc. purchased a new position in shares of Orange during the 1st quarter worth $4,850,000. Goldman Sachs Group Inc. lifted its stake in shares of Orange by 33.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,215,740 shares of the technology company’s stock worth $17,738,000 after purchasing an additional 301,761 shares during the period. Aperio Group LLC raised its position in shares of Orange by 26.8% in the 1st quarter. Aperio Group LLC now owns 919,600 shares of the technology company’s stock worth $11,109,000 after buying an additional 194,306 shares during the period. Finally, Jane Street Group LLC raised its position in Orange by 187.6% in the fourth quarter. Jane Street Group LLC now owns 283,196 shares of the technology company’s stock valued at $4,132,000 after purchasing an additional 184,728 shares during the period. 1.02% of the stock is owned by institutional investors and hedge funds.
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.
Featured Story: Investing in Blue-Chip Stocks
Receive News & Ratings for Orange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orange and related companies with MarketBeat.com's FREE daily email newsletter.