Orange (NYSE:ORAN) Rating Increased to Buy at Zacks Investment Research

Orange (NYSE:ORAN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The firm presently has a $18.00 price target on the technology company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 9.09% from the company’s previous close.

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. “

Other analysts also recently issued reports about the stock. New Street Research upgraded shares of Orange from a “neutral” rating to a “buy” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. downgraded shares of Orange from an “overweight” rating to a “neutral” rating in a report on Monday, September 9th. Finally, ValuEngine upgraded shares of Orange from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.00.

Shares of NYSE ORAN traded up $0.53 during midday trading on Tuesday, reaching $16.50. The company’s stock had a trading volume of 1,485,862 shares, compared to its average volume of 343,613. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average price of $16.00 and a 200 day moving average price of $15.45. Orange has a one year low of $14.57 and a one year high of $17.06. The company has a market cap of $42.27 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 0.97 and a beta of 0.38.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ORAN. NEXT Financial Group Inc raised its holdings in shares of Orange by 226.6% in the 2nd quarter. NEXT Financial Group Inc now owns 2,162 shares of the technology company’s stock worth $34,000 after purchasing an additional 1,500 shares in the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Orange in the second quarter worth approximately $35,000. Signaturefd LLC increased its position in shares of Orange by 27.3% in the second quarter. Signaturefd LLC now owns 6,826 shares of the technology company’s stock worth $107,000 after acquiring an additional 1,463 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Orange by 75.8% in the third quarter. Quadrant Capital Group LLC now owns 8,099 shares of the technology company’s stock worth $116,000 after acquiring an additional 3,491 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new position in shares of Orange in the second quarter worth approximately $120,000. Institutional investors and hedge funds own 1.09% 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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