Zacks Investment Research upgraded shares of Orange (NYSE:ORAN) from a hold rating to a buy rating in a report published on Tuesday. They currently have $18.00 price target on the technology company’s stock.

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. “

A number of other analysts also recently commented on the stock. Argus assumed coverage on shares of Orange in a report on Monday, July 16th. They issued a buy rating and a $21.00 target price on the stock. ValuEngine downgraded shares of Orange from a buy rating to a hold rating in a report on Monday, May 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Orange currently has an average rating of Hold and a consensus price target of $19.50.

ORAN stock opened at $16.03 on Tuesday. Orange has a 52 week low of $15.89 and a 52 week high of $18.57. The stock has a market cap of $42.99 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 0.52 and a beta of 0.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.72 and a current ratio of 0.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in shares of Orange by 11.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 30,527 shares of the technology company’s stock worth $509,000 after purchasing an additional 3,106 shares in the last quarter. Natixis Advisors L.P. raised its holdings in shares of Orange by 2.6% in the 1st quarter. Natixis Advisors L.P. now owns 125,933 shares of the technology company’s stock worth $2,151,000 after purchasing an additional 3,223 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Orange by 15.0% in the 1st quarter. Eagle Asset Management Inc. now owns 25,516 shares of the technology company’s stock worth $435,000 after purchasing an additional 3,337 shares in the last quarter. Bbva Compass Bancshares Inc. raised its holdings in shares of Orange by 3.2% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 112,429 shares of the technology company’s stock worth $1,874,000 after purchasing an additional 3,491 shares in the last quarter. Finally, Ironsides Asset Advisors LLC raised its holdings in shares of Orange by 19.2% in the 2nd quarter. Ironsides Asset Advisors LLC now owns 22,975 shares of the technology company’s stock worth $383,000 after purchasing an additional 3,700 shares in the last quarter. Institutional investors and hedge funds own 1.44% 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.

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