Orange (ORAN) Raised to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Orange (NYSE:ORAN) from a sell rating to a hold rating in a report issued on Wednesday, Zacks.com reports.

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. “

A number of other equities analysts have also commented on ORAN. Credit Suisse Group reaffirmed a buy rating on shares of Orange in a research report on Friday, February 22nd. Berenberg Bank raised shares of Orange from a hold rating to a buy rating in a research report on Monday, April 1st. Goldman Sachs Group reaffirmed a buy rating on shares of Orange in a research report on Friday, February 22nd. Finally, Barclays lowered shares of Orange from an overweight rating to an equal weight rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $18.50.

NYSE:ORAN opened at $15.42 on Wednesday. Orange has a 52 week low of $14.84 and a 52 week high of $17.73. The stock has a market cap of $41.02 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 1.11 and a beta of 0.41. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.69 and a current ratio of 0.72.

Large investors have recently added to or reduced their stakes in the stock. Liberty Wealth Management LLC bought a new position in Orange in the 4th quarter valued at about $25,000. Financial Gravity Companies Inc. bought a new position in Orange in the 4th quarter valued at about $40,000. Zions Bancorporation N.A. bought a new position in Orange in the 1st quarter valued at about $45,000. Covenant Multifamily Offices LLC bought a new position in Orange in the 1st quarter valued at about $48,000. Finally, Cresset Asset Management LLC bought a new position in Orange in the 1st quarter valued at about $56,000. 1.44% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Orange (NYSE:ORAN)

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