Orange (NYSE:ORAN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
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 research reports about the stock. BNP Paribas upgraded shares of Orange from an “underperform” rating to a “neutral” rating in a research report on Tuesday, January 23rd. ValuEngine upgraded shares of Orange from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.00.
Several large investors have recently modified their holdings of the company. Elkfork Partners LLC purchased a new stake in shares of Orange during the 4th quarter worth approximately $388,000. Lincluden Management Ltd. raised its position in Orange by 30.4% in the 4th quarter. Lincluden Management Ltd. now owns 216,151 shares of the technology company’s stock valued at $3,761,000 after purchasing an additional 50,415 shares during the last quarter. LPL Financial LLC raised its position in Orange by 21.5% in the 4th quarter. LPL Financial LLC now owns 26,467 shares of the technology company’s stock valued at $461,000 after purchasing an additional 4,677 shares during the last quarter. Millennium Management LLC purchased a new stake in Orange in the 4th quarter valued at $1,004,000. Finally, Raymond James & Associates raised its position in Orange by 20.2% in the 4th quarter. Raymond James & Associates now owns 198,933 shares of the technology company’s stock valued at $3,461,000 after purchasing an additional 33,442 shares during the last quarter. Institutional investors and hedge funds own 1.25% 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 primarily in Europe, Africa, and the Middle East. The company offers mobile, fixed-line telephony, fixed broadband, business solutions and networks, and carrier services; sells mobile devices, equipment, and accessories; and sells and rents fixed-line equipment.
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