Orange SA (NYSE:ORAN) Receives $19.00 Average PT from Brokerages

Shares of Orange SA (NYSE:ORAN) have been assigned an average recommendation of “Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $19.00.

Several equities analysts recently commented on the company. Zacks Investment Research raised Orange from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley lowered Orange from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 6th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Aperio Group LLC grew its stake in Orange by 11.9% during the 2nd quarter. Aperio Group LLC now owns 735,716 shares of the technology company’s stock worth $11,565,000 after buying an additional 78,436 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Orange by 7.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 486,298 shares of the technology company’s stock valued at $7,645,000 after buying an additional 33,316 shares during the last quarter. First Trust Advisors LP increased its stake in Orange by 406.4% in the 1st quarter. First Trust Advisors LP now owns 426,655 shares of the technology company’s stock valued at $6,954,000 after buying an additional 342,404 shares during the last quarter. FMR LLC increased its stake in Orange by 1.7% in the 4th quarter. FMR LLC now owns 401,053 shares of the technology company’s stock valued at $6,493,000 after buying an additional 6,625 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Orange by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 315,541 shares of the technology company’s stock valued at $4,964,000 after buying an additional 2,155 shares during the last quarter. Hedge funds and other institutional investors own 1.43% of the company’s stock.

Shares of NYSE ORAN traded up $0.08 during midday trading on Friday, hitting $14.90. The stock had a trading volume of 562,300 shares, compared to its average volume of 506,430. The company has a market cap of $39.53 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.04 and a beta of 0.40. Orange has a 1-year low of $14.57 and a 1-year high of $17.06. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.95. The business has a fifty day moving average of $15.21.

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 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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Analyst Recommendations for Orange (NYSE:ORAN)

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