Zacks Investment Research Downgrades Orange (ORAN) to Sell

Zacks Investment Research downgraded shares of Orange (NYSE:ORAN) from a hold rating to a sell rating in a report published on Tuesday.

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. “

Separately, Argus cut their price target on shares of Orange from $21.00 to $19.00 and set a buy rating on the stock in a report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Orange currently has a consensus rating of Hold and a consensus target price of $18.50.

Shares of NYSE:ORAN opened at $16.57 on Tuesday. The firm has a market cap of $44.56 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 0.60 and a beta of 0.47. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 0.88. Orange has a 52 week low of $15.34 and a 52 week high of $18.57.

The company also recently announced a semiannual dividend, which will be paid on Friday, December 21st. Investors of record on Monday, December 3rd will be issued a $0.3399 dividend. This is a positive change from Orange’s previous semiannual dividend of $0.29. The ex-dividend date of this dividend is Friday, November 30th. This represents a yield of 4.09%. Orange’s payout ratio is presently 108.57%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in Orange by 5.9% in the second quarter. Bank of America Corp DE now owns 5,916,094 shares of the technology company’s stock valued at $98,621,000 after buying an additional 330,125 shares during the period. Morgan Stanley lifted its holdings in Orange by 18.8% in the third quarter. Morgan Stanley now owns 2,941,520 shares of the technology company’s stock valued at $46,740,000 after buying an additional 465,082 shares during the period. Northern Trust Corp lifted its holdings in Orange by 2.9% in the second quarter. Northern Trust Corp now owns 2,703,587 shares of the technology company’s stock valued at $45,069,000 after buying an additional 76,660 shares during the period. Baird Financial Group Inc. lifted its holdings in Orange by 0.9% in the second quarter. Baird Financial Group Inc. now owns 1,530,167 shares of the technology company’s stock valued at $25,508,000 after buying an additional 14,002 shares during the period. Finally, FMR LLC acquired a new position in Orange in the third quarter valued at $6,267,000. Institutional investors and hedge funds own 1.42% of the company’s stock.

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. It offers mobile, fixed-line telephony, fixed broadband, business solutions and networks, and carrier services; sells mobile devices, equipment, and accessories; and sells and rents fixed-line equipment.

Read More: What is the quiet period?

Get a free copy of the Zacks research report on Orange (ORAN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Orange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orange and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply