Orange (NYSE:ORAN) Upgraded to Buy by New Street Research
New Street Research upgraded shares of Orange (NYSE:ORAN) from a neutral rating to a buy rating in a research report sent to investors on Wednesday morning, The Fly reports.
Several other research analysts have also recently weighed in on the company. ValuEngine cut Orange from a hold rating to a sell rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. cut Orange from an overweight rating to a neutral rating in a research note on Monday, September 9th. Morgan Stanley cut Orange from an overweight rating to an equal weight rating in a research note on Thursday, June 6th. Finally, Zacks Investment Research upgraded Orange from a sell rating to a hold rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $17.00.
Shares of ORAN stock opened at $15.29 on Wednesday. The stock has a 50-day simple moving average of $14.93 and a 200 day simple moving average of $15.48. Orange has a fifty-two week low of $14.57 and a fifty-two week high of $17.06. The stock has a market capitalization of $40.67 billion, a P/E ratio of 20.95, a P/E/G 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 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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