Orange (NYSE:ORAN) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Orange (NYSE:ORAN) from a buy rating to a hold rating in a report issued on Wednesday, April 18th.

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. “

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Other equities research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Orange from a hold rating to a buy rating in a research note on Friday, February 2nd. BNP Paribas upgraded shares of Orange from an underperform rating to a neutral rating in a research note on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $19.00.



Shares of ORAN opened at $17.88 on Wednesday. The firm has a market cap of $48,359.84, a price-to-earnings ratio of 25.84, a PEG ratio of 0.53 and a beta of 0.67. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.71 and a quick ratio of 0.68. Orange has a twelve month low of $15.42 and a twelve month high of $18.57.

A number of large investors have recently modified their holdings of ORAN. Baird Financial Group Inc. raised its position in shares of Orange by 3,549.3% during the fourth quarter. Baird Financial Group Inc. now owns 1,518,495 shares of the technology company’s stock valued at $26,422,000 after buying an additional 1,476,884 shares during the last quarter. Cambiar Investors LLC increased its position in Orange by 2.5% in the fourth quarter. Cambiar Investors LLC now owns 8,098,822 shares of the technology company’s stock worth $140,920,000 after purchasing an additional 201,277 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Orange by 13.9% in the third quarter. Parametric Portfolio Associates LLC now owns 1,075,347 shares of the technology company’s stock worth $17,657,000 after purchasing an additional 131,349 shares during the last quarter. JPMorgan Chase & Co. increased its position in Orange by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 293,075 shares of the technology company’s stock worth $4,794,000 after purchasing an additional 69,627 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Orange in the fourth quarter worth $1,004,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.

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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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