Zacks Investment Research upgraded shares of Orange (NYSE:ORAN) from a sell rating to a hold rating in a report released on Wednesday.
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. “
Shares of ORAN opened at $15.75 on Wednesday. Orange has a 52 week low of $15.34 and a 52 week high of $18.57. The company has a market cap of $42.14 billion, a P/E ratio of 22.50, a P/E/G ratio of 0.52 and a beta of 0.52. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 0.88.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley grew its position in Orange by 18.8% in the third quarter. Morgan Stanley now owns 2,941,520 shares of the technology company’s stock worth $46,740,000 after acquiring an additional 465,082 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in Orange in the third quarter worth approximately $170,000. Paloma Partners Management Co bought a new stake in Orange in the third quarter worth approximately $169,000. Dynamic Technology Lab Private Ltd bought a new stake in Orange in the third quarter worth approximately $167,000. Finally, JPMorgan Chase & Co. grew its position in Orange by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 346,203 shares of the technology company’s stock worth $5,501,000 after acquiring an additional 11,624 shares in the last quarter.
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.
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