Orange SA (ORAN) Given Average Rating of “Hold” by Brokerages
Orange SA (NYSE:ORAN) has been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $19.00.
A number of brokerages recently commented on ORAN. Zacks Investment Research upgraded Orange from a “sell” rating to a “hold” rating in a research report on Saturday, June 23rd. Argus dropped their target price on Orange from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, September 7th.
A number of large investors have recently made changes to their positions in the business. 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 acquiring an additional 76,660 shares during the period. Jane Street Group LLC acquired a new position in Orange in the second quarter valued at approximately $416,000. Tower Research Capital LLC TRC acquired a new position in Orange in the second quarter valued at approximately $133,000. OLD Mission Capital LLC acquired a new position in Orange in the second quarter valued at approximately $1,290,000. Finally, 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 acquiring an additional 330,125 shares during the period. 1.44% of the stock is 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 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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