Orange (ORAN) Rating Increased to Hold at Zacks Investment Research

Orange (NYSE:ORAN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

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, ValuEngine upgraded Orange from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Orange has a consensus rating of “Hold” and an average target price of $19.00.

Shares of Orange opened at $17.39 on Friday, according to Marketbeat.com. The firm has a market cap of $46.50 billion, a P/E ratio of 24.84, a P/E/G ratio of 0.52 and a beta of 0.66. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 0.83. Orange has a 12 month low of $15.82 and a 12 month high of $18.57.

Several large investors have recently added to or reduced their stakes in the company. Cambiar Investors LLC grew its stake in shares of Orange by 2.5% in the fourth quarter. Cambiar Investors LLC now owns 8,098,822 shares of the technology company’s stock worth $140,920,000 after purchasing an additional 201,277 shares in the last quarter. Northern Trust Corp grew its stake in shares of Orange by 4.0% in the first quarter. Northern Trust Corp now owns 2,626,927 shares of the technology company’s stock worth $44,868,000 after purchasing an additional 100,342 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Orange by 3,549.3% in the fourth quarter. Baird Financial Group Inc. now owns 1,518,495 shares of the technology company’s stock worth $26,422,000 after purchasing an additional 1,476,884 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Orange by 10.6% in the first quarter. Wells Fargo & Company MN now owns 1,079,528 shares of the technology company’s stock worth $18,438,000 after purchasing an additional 103,793 shares in the last quarter. Finally, Managed Asset Portfolios LLC grew its stake in shares of Orange by 2.7% in the first quarter. Managed Asset Portfolios LLC now owns 928,032 shares of the technology company’s stock worth $15,851,000 after purchasing an additional 24,705 shares in the last quarter. 1.40% of the stock is owned by institutional investors.

About Orange

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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