Orange (NYSE:ORAN) Stock Rating Lowered by StockNews.com

Orange (NYSE:ORAN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, JPMorgan Chase & Co. initiated coverage on Orange in a report on Wednesday, April 17th. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.08.

Orange Stock Down 0.9 %

NYSE ORAN opened at $11.13 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.88. Orange has a twelve month low of $10.97 and a twelve month high of $13.08. The stock has a fifty day simple moving average of $11.50 and a 200-day simple moving average of $11.68.

Hedge Funds Weigh In On Orange

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its holdings in Orange by 49.1% during the 1st quarter. Lindbrook Capital LLC now owns 14,578 shares of the technology company’s stock valued at $172,000 after acquiring an additional 4,801 shares during the period. Simplicity Wealth LLC purchased a new position in shares of Orange in the 1st quarter valued at about $3,132,000. Norden Group LLC purchased a new position in shares of Orange in the 1st quarter valued at about $137,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Orange in the 1st quarter valued at about $39,000. Finally, 180 Wealth Advisors LLC boosted its stake in shares of Orange by 13.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 15,147 shares of the technology company’s stock valued at $178,000 after buying an additional 1,850 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.