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.
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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