Orange S.A. (NYSE:ORAN) Receives Consensus Rating of “Hold” from Brokerages

Orange S.A. (NYSE:ORANGet Rating) has earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $13.00.

ORAN has been the topic of several recent research reports. Sanford C. Bernstein raised Orange from a “market perform” rating to an “outperform” rating in a research note on Monday, June 13th. Barclays raised Orange from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, June 22nd. Finally, Morgan Stanley lifted their price target on Orange from €11.00 ($11.34) to €13.00 ($13.40) and gave the company an “equal weight” rating in a research note on Tuesday, July 12th.

Institutional Investors Weigh In On Orange

Several hedge funds have recently bought and sold shares of ORAN. Ellevest Inc. raised its position in shares of Orange by 19.2% in the second quarter. Ellevest Inc. now owns 6,706 shares of the technology company’s stock valued at $79,000 after buying an additional 1,081 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Orange by 219.7% in the first quarter. Parallel Advisors LLC now owns 7,923 shares of the technology company’s stock valued at $95,000 after buying an additional 5,445 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Orange by 342.0% in the first quarter. Quadrant Capital Group LLC now owns 10,166 shares of the technology company’s stock valued at $120,000 after buying an additional 7,866 shares in the last quarter. Five Oceans Advisors acquired a new stake in shares of Orange in the first quarter valued at approximately $122,000. Finally, Koss Olinger Consulting LLC acquired a new position in Orange during the second quarter valued at approximately $127,000. 0.89% of the stock is currently owned by institutional investors and hedge funds.

Orange Stock Performance

ORAN opened at $10.25 on Friday. The business’s 50-day moving average price is $11.15 and its two-hundred day moving average price is $11.68. Orange has a 1 year low of $9.85 and a 1 year high of $12.71. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.91.

Orange Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 24th. Shareholders of record on Monday, June 6th were given a dividend of $0.3333 per share. The ex-dividend date was Friday, June 3rd. This represents a yield of 4.73%.

Orange Company Profile

(Get Rating)

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. It operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; International Carriers & Shared Services; and Mobile Financial Services segments.

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Analyst Recommendations for Orange (NYSE:ORAN)

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