Orange (NYSE:ORAN) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Orange (NYSE:ORAN) in a research note published on Wednesday, MarketBeat.com reports. The brokerage issued an overweight rating on the technology company’s stock.

Separately, StockNews.com raised shares of Orange from a hold rating to a buy rating in a research report on Monday, February 19th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Orange presently has a consensus rating of Buy and an average target price of $13.08.

Orange Price Performance

Shares of Orange stock opened at $11.18 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $11.51 and a 200 day moving average price of $11.68. Orange has a 52 week low of $10.97 and a 52 week high of $13.08.

Institutional Investors Weigh In On Orange

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley grew its stake in Orange by 8.2% in the 3rd quarter. Morgan Stanley now owns 3,497,365 shares of the technology company’s stock valued at $40,185,000 after acquiring an additional 265,375 shares during the period. Envestnet Asset Management Inc. grew its stake in Orange by 1,033.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,423,671 shares of the technology company’s stock valued at $4,613,000 after acquiring an additional 3,121,497 shares during the period. Goldman Sachs Group Inc. grew its stake in Orange by 87.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,427,710 shares of the technology company’s stock valued at $28,696,000 after acquiring an additional 1,131,285 shares during the period. BlackRock Inc. grew its stake in Orange by 6.0% in the 2nd quarter. BlackRock Inc. now owns 1,984,688 shares of the technology company’s stock valued at $23,102,000 after acquiring an additional 111,806 shares during the period. Finally, Bank of America Corp DE grew its stake in Orange by 11.8% in the 1st quarter. Bank of America Corp DE now owns 1,855,799 shares of the technology company’s stock valued at $22,140,000 after acquiring an additional 196,445 shares during the period.

About Orange

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. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.