Shares of Orange (NYSE:ORAN) have received an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company.
Several equities research analysts have recently weighed in on ORAN shares. BidaskClub lowered shares of Orange from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Zacks Investment Research raised shares of Orange from a “sell” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Wednesday, October 4th. Bank of America raised shares of Orange from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. Gabelli reaffirmed a “buy” rating on shares of Orange in a report on Friday, December 1st. Finally, Berenberg Bank raised shares of Orange from a “sell” rating to a “hold” rating in a report on Friday, December 8th.
A number of institutional investors have recently added to or reduced their stakes in ORAN. Cambiar Investors LLC lifted its position in Orange by 4.5% during the 3rd quarter. Cambiar Investors LLC now owns 7,897,545 shares of the technology company’s stock valued at $129,678,000 after purchasing an additional 340,141 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Orange during the 3rd quarter valued at about $3,871,000. JPMorgan Chase & Co. lifted its position in Orange by 369.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 223,448 shares of the technology company’s stock valued at $3,571,000 after purchasing an additional 175,807 shares during the period. Parametric Portfolio Associates LLC lifted its position in Orange by 13.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,075,347 shares of the technology company’s stock valued at $17,657,000 after purchasing an additional 131,349 shares during the period. Finally, Syntal Capital Partners LLC acquired a new position in Orange during the 4th quarter valued at about $870,000. Institutional investors own 1.18% of the company’s stock.
The business also recently declared a semiannual dividend, which was paid on Thursday, December 28th. Investors of record on Monday, December 4th were given a dividend of $0.294 per share. The ex-dividend date was Friday, December 1st. This represents a yield of 3.57%. Orange’s dividend payout ratio (DPR) is 260.00%.
Orange SA is a telecommunications operator. The Company also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s segments include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services.
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