Orange (NYSE:ORAN) Downgraded to “Underweight” at Barclays

Barclays downgraded shares of Orange (NYSE:ORAN) from an equal weight rating to an underweight rating in a research note released on Thursday morning, The Fly reports.

Other equities analysts have also issued research reports about the company. Credit Suisse Group reissued an outperform rating on shares of Orange in a research note on Friday, February 19th. The Goldman Sachs Group lowered Orange from a buy rating to a neutral rating in a research note on Tuesday, May 11th. Morgan Stanley reissued an equal weight rating on shares of Orange in a research note on Tuesday, May 11th. Zacks Investment Research raised Orange from a sell rating to a hold rating in a research note on Thursday, June 3rd. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Orange in a research report on Wednesday, May 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Orange has a consensus rating of Hold and an average target price of $13.00.

ORAN opened at $12.87 on Thursday. The business’s 50-day moving average price is $12.68. Orange has a 12-month low of $10.15 and a 12-month high of $13.09. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.84. The firm has a market cap of $34.21 billion, a price-to-earnings ratio of 6.60 and a beta of 0.30.

The business also recently declared a dividend, which will be paid on Friday, July 2nd. Shareholders of record on Monday, June 14th will be given a $0.545 dividend. The ex-dividend date of this dividend is Friday, June 11th. This represents a yield of 8.47%. This is a positive change from Orange’s previous dividend of $0.22. Orange’s dividend payout ratio (DPR) is currently 36.41%.

A number of hedge funds have recently bought and sold shares of the business. Penserra Capital Management LLC raised its position in shares of Orange by 66.2% during the 4th quarter. Penserra Capital Management LLC now owns 605,661 shares of the technology company’s stock worth $7,183,000 after acquiring an additional 241,302 shares in the last quarter. Waterfront Wealth Inc. acquired a new stake in shares of Orange during the 1st quarter worth about $928,000. GWM Advisors LLC raised its position in shares of Orange by 26.4% during the 1st quarter. GWM Advisors LLC now owns 19,218 shares of the technology company’s stock worth $237,000 after acquiring an additional 4,014 shares in the last quarter. Lesa Sroufe & Co raised its position in shares of Orange by 0.6% during the 1st quarter. Lesa Sroufe & Co now owns 147,084 shares of the technology company’s stock worth $1,814,000 after acquiring an additional 810 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of Orange by 18.1% during the 4th quarter. Citigroup Inc. now owns 591,894 shares of the technology company’s stock worth $7,019,000 after acquiring an additional 90,894 shares in the last quarter. 0.95% of the stock is currently owned by institutional investors.

Orange Company Profile

Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. It operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; International Carriers & Shared Services; and Mobile Financial Services segments.

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