Orange (ORAN) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Orange (NYSE:ORAN) from a sell rating to a hold rating in a research note released on Wednesday.

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 began coverage on Orange in a research note on Monday, July 16th. They set a buy rating and a $21.00 price target for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Orange currently has an average rating of Hold and an average target price of $18.50.

Shares of ORAN stock traded up $0.03 on Wednesday, hitting $16.56. 375,035 shares of the stock were exchanged, compared to its average volume of 429,026. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.72 and a current ratio of 0.75. The company has a market capitalization of $44.16 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 0.59 and a beta of 0.47. Orange has a one year low of $15.34 and a one year high of $18.57.

A number of hedge funds and other institutional investors have recently modified their holdings of ORAN. Millennium Management LLC boosted its stake in Orange by 731.4% in the 1st quarter. Millennium Management LLC now owns 479,778 shares of the technology company’s stock worth $8,195,000 after purchasing an additional 422,072 shares during the period. Ironsides Asset Advisors LLC boosted its stake in Orange by 19.2% in the 2nd quarter. Ironsides Asset Advisors LLC now owns 22,975 shares of the technology company’s stock worth $383,000 after purchasing an additional 3,700 shares during the period. Cambiar Investors LLC boosted its stake in Orange by 0.8% in the 2nd quarter. Cambiar Investors LLC now owns 8,709,660 shares of the technology company’s stock worth $145,190,000 after purchasing an additional 73,146 shares during the period. AMG National Trust Bank boosted its stake in Orange by 2.1% in the 2nd quarter. AMG National Trust Bank now owns 180,943 shares of the technology company’s stock worth $3,016,000 after purchasing an additional 3,781 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in Orange by 27.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 23,971 shares of the technology company’s stock worth $400,000 after purchasing an additional 5,124 shares during the period. Institutional investors and hedge funds own 1.42% of the company’s stock.

Orange Company Profile

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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