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.

Several large investors have recently added to or reduced their stakes in the stock. Advisors Management Group Inc. ADV boosted its position in shares of Orange by 1.1% in the 1st quarter. Advisors Management Group Inc. ADV now owns 62,712 shares of the technology company’s stock valued at $1,022,000 after purchasing an additional 681 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of Orange by 3.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 23,044 shares of the technology company’s stock valued at $363,000 after purchasing an additional 789 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Orange by 5.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 19,549 shares of the technology company’s stock valued at $319,000 after purchasing an additional 1,038 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Orange by 9.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,278 shares of the technology company’s stock valued at $224,000 after purchasing an additional 1,279 shares during the period. Finally, Wrapmanager Inc. boosted its position in shares of Orange by 7.4% in the 1st quarter. Wrapmanager Inc. now owns 19,051 shares of the technology company’s stock valued at $311,000 after purchasing an additional 1,308 shares during the period. Institutional investors and hedge funds own 1.37% of the company’s stock.

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. 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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