Orange (ORAN) Upgraded to Hold by Zacks Investment Research

Orange (NYSE:ORAN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

A number of other research firms also recently commented on ORAN. Goldman Sachs Group reissued a “buy” rating on shares of Orange in a report on Friday, February 22nd. Berenberg Bank raised Orange from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Credit Suisse Group reissued a “buy” rating on shares of Orange in a report on Friday, February 22nd. Finally, Barclays downgraded Orange from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Orange has a consensus rating of “Buy” and an average price target of $18.50.

Orange stock opened at $15.42 on Wednesday. Orange has a one year low of $14.84 and a one year high of $17.73. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.72 and a quick ratio of 0.69. The firm has a market capitalization of $40.81 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 1.11 and a beta of 0.41.

Hedge funds have recently made changes to their positions in the company. Liberty Wealth Management LLC purchased a new position in shares of Orange in the fourth quarter valued at $25,000. Financial Gravity Companies Inc. purchased a new position in shares of Orange in the fourth quarter valued at $40,000. Zions Bancorporation N.A. purchased a new position in shares of Orange in the first quarter valued at $45,000. Covenant Multifamily Offices LLC purchased a new position in shares of Orange in the first quarter valued at $48,000. Finally, Cresset Asset Management LLC purchased a new position in shares of Orange in the first quarter valued at $56,000. Institutional investors and hedge funds own 1.45% of the company’s stock.

About Orange

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 in Europe, Africa, and the Middle East. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.

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