Orange (ORAN) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of Orange (NYSE:ORAN) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, 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. “

ORAN has been the topic of several other reports. Berenberg Bank upgraded shares of Orange from a hold rating to a buy rating in a research report on Monday, April 1st. Credit Suisse Group reiterated a buy rating on shares of Orange in a research report on Friday, February 22nd. Goldman Sachs Group reiterated a buy rating on shares of Orange in a research report on Friday, February 22nd. Finally, Barclays downgraded shares of Orange from an overweight rating to an equal weight rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $18.50.

Shares of ORAN traded up $0.07 during mid-day trading on Thursday, reaching $15.35. The company had a trading volume of 17,149 shares, compared to its average volume of 293,659. Orange has a 1-year low of $14.84 and a 1-year high of $17.73. The company has a current ratio of 0.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.83. The company has a market cap of $40.43 billion, a P/E ratio of 21.03, a PEG ratio of 1.01 and a beta of 0.41.

Hedge funds and other institutional investors have recently modified their holdings of the company. Liberty Wealth Management LLC acquired a new position in shares of Orange in the 4th quarter worth approximately $25,000. Financial Gravity Companies Inc. acquired a new position in shares of Orange in the 4th quarter worth approximately $40,000. Zions Bancorporation N.A. acquired a new position in shares of Orange in the 1st quarter worth approximately $45,000. Covenant Multifamily Offices LLC acquired a new position in shares of Orange in the 1st quarter worth approximately $48,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Orange in the 1st quarter worth approximately $56,000. Hedge funds and other institutional investors 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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