Orange (NYSE:ORAN) Upgraded 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 research note issued to investors on Saturday morning, 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. “

Separately, Morgan Stanley cut Orange from an overweight rating to an equal weight rating in a research report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $18.00.

ORAN opened at $14.75 on Friday. The business’s 50-day moving average price is $15.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.79 and a quick ratio of 0.69. Orange has a one year low of $14.57 and a one year high of $17.07. The firm has a market capitalization of $39.53 billion, a PE ratio of 20.21, a P/E/G ratio of 1.04 and a beta of 0.40.

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position 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 acquiring an additional 10,432 shares during the period. AMG National Trust Bank boosted its holdings in Orange by 12.1% in the 1st quarter. AMG National Trust Bank now owns 210,786 shares of the technology company’s stock valued at $3,436,000 after purchasing an additional 22,723 shares in the last quarter. Private Capital Group LLC boosted its holdings in Orange by 45.0% in the 1st quarter. Private Capital Group LLC now owns 3,469 shares of the technology company’s stock valued at $57,000 after purchasing an additional 1,076 shares in the last quarter. FMR LLC boosted its holdings in Orange by 1.7% in the 4th quarter. FMR LLC now owns 401,053 shares of the technology company’s stock valued at $6,493,000 after purchasing an additional 6,625 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in Orange by 3.1% in the 1st quarter. Eagle Asset Management Inc. now owns 27,760 shares of the technology company’s stock valued at $452,000 after purchasing an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 1.43% 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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Analyst Recommendations for Orange (NYSE:ORAN)

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