Zacks Investment Research upgraded shares of Orange (NYSE:ORAN) from a sell rating to a hold rating in a report released on Tuesday, 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. “

ORAN has been the topic of a number of other research reports. Morgan Stanley cut Orange from an overweight rating to an equal weight rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. cut Orange from an overweight rating to a neutral rating in a research note on Monday. Finally, ValuEngine cut Orange from a hold rating to a sell rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $17.00.

Shares of NYSE ORAN traded down $0.01 during trading hours on Tuesday, hitting $15.33. The company had a trading volume of 4,207 shares, compared to its average volume of 370,458. The stock has a market capitalization of $39.53 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 1.18 and a beta of 0.40. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.95. Orange has a 1-year low of $14.57 and a 1-year high of $17.06. The firm’s 50 day moving average is $14.92 and its 200-day moving average is $15.48.

A number of institutional investors and hedge funds have recently bought and sold shares of ORAN. Advisors Management Group Inc. ADV increased its position in Orange by 1.1% during the 1st quarter. Advisors Management Group Inc. ADV now owns 62,712 shares of the technology company’s stock worth $1,022,000 after buying an additional 681 shares during the period. Wetherby Asset Management Inc. increased its position in Orange by 3.5% during the 2nd quarter. Wetherby Asset Management Inc. now owns 23,044 shares of the technology company’s stock worth $363,000 after buying an additional 789 shares during the period. Eagle Asset Management Inc. increased its position in Orange by 3.1% during the 1st quarter. Eagle Asset Management Inc. now owns 27,760 shares of the technology company’s stock worth $452,000 after buying an additional 830 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Orange by 5.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 19,549 shares of the technology company’s stock worth $319,000 after buying an additional 1,038 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in Orange by 9.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,278 shares of the technology company’s stock worth $224,000 after buying an additional 1,279 shares during the period. Institutional investors and hedge funds own 1.37% 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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