Zacks Investment Research upgraded shares of Orange (NYSE:ORAN) from a sell rating to a hold rating in a research report released on Saturday, 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. Barclays lowered shares of Orange from an overweight rating to an equal weight rating in a report on Tuesday, March 5th. Goldman Sachs Group reaffirmed a buy rating on shares of Orange in a report on Friday, February 22nd. Berenberg Bank raised shares of Orange from a hold rating to a buy rating in a report on Monday, April 1st. Credit Suisse Group reaffirmed a buy rating on shares of Orange in a report on Friday, February 22nd. Finally, Morgan Stanley lowered shares of Orange from an overweight rating to an equal weight rating in a report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Orange currently has an average rating of Buy and a consensus price target of $18.50.

Shares of NYSE:ORAN opened at $15.45 on Friday. The company has a market capitalization of $41.10 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.12 and a beta of 0.38. Orange has a 52 week low of $14.84 and a 52 week high of $17.54. The company has a quick ratio of 0.69, a current ratio of 0.72 and a debt-to-equity ratio of 0.83.

The company also recently declared a semiannual dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, June 3rd will be issued a $0.4471 dividend. This is a positive change from Orange’s previous semiannual dividend of $0.34. This represents a yield of 3.81%. The ex-dividend date of this dividend is Friday, May 31st. Orange’s payout ratio is currently 98.63%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Management Group Inc. ADV grew its holdings in shares of Orange by 1.1% during the first quarter. Advisors Management Group Inc. ADV now owns 62,712 shares of the technology company’s stock valued at $1,022,000 after buying an additional 681 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Orange by 2.9% during the first quarter. MML Investors Services LLC now owns 24,982 shares of the technology company’s stock valued at $407,000 after buying an additional 709 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in Orange by 3.1% in the first quarter. Eagle Asset Management Inc. now owns 27,760 shares of the technology company’s stock valued at $452,000 after purchasing an additional 830 shares during the last quarter. Comerica Bank boosted its holdings in Orange by 0.5% in the fourth quarter. Comerica Bank now owns 173,361 shares of the technology company’s stock valued at $2,663,000 after purchasing an additional 893 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Orange by 5.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 19,549 shares of the technology company’s stock valued at $319,000 after purchasing an additional 1,038 shares during the last quarter. 1.47% of the stock is currently owned by hedge funds and other institutional investors.

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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