Orange (NYSE:ORAN) Upgraded by Zacks Investment Research to “Buy”

Orange (NYSE:ORAN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The firm currently has a $18.00 target price on the technology company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 9.09% from the stock’s current price.

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. “

ORAN has been the subject of a number of other reports. New Street Research upgraded shares of Orange from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. cut shares of Orange from an “overweight” rating to a “neutral” rating in a research note on Monday, September 9th. Finally, ValuEngine upgraded shares of Orange from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Orange has a consensus rating of “Buy” and a consensus target price of $17.00.

Shares of Orange stock traded up $0.53 on Tuesday, reaching $16.50. The stock had a trading volume of 1,485,862 shares, compared to its average volume of 343,613. The business’s 50-day moving average price is $16.00 and its two-hundred day moving average price is $15.45. 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 fifty-two week low of $14.57 and a fifty-two week high of $17.06. The stock has a market cap of $42.27 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 0.97 and a beta of 0.38.

A number of large investors have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC raised its stake in Orange by 12.3% during the 3rd quarter. Checchi Capital Advisers LLC now owns 13,517 shares of the technology company’s stock valued at $210,000 after purchasing an additional 1,482 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in Orange by 32.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 177,606 shares of the technology company’s stock valued at $2,766,000 after purchasing an additional 43,606 shares during the last quarter. Managed Asset Portfolios LLC raised its stake in shares of Orange by 42.2% in the 3rd quarter. Managed Asset Portfolios LLC now owns 1,652,546 shares of the technology company’s stock valued at $25,730,000 after buying an additional 490,520 shares in the last quarter. Atlas Capital Advisors LLC raised its stake in shares of Orange by 6.2% in the 3rd quarter. Atlas Capital Advisors LLC now owns 50,854 shares of the technology company’s stock valued at $792,000 after buying an additional 2,973 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its stake in shares of Orange by 3.4% in the 3rd quarter. Wetherby Asset Management Inc. now owns 23,836 shares of the technology company’s stock valued at $371,000 after buying an additional 792 shares in the last quarter. Hedge funds and other institutional investors own 1.09% 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. 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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