Orange SA (ORAN) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Orange SA (NASDAQ:ORAN) from a sell rating to a buy rating in a research report report published on Wednesday morning. They currently have $18.00 target price 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 research firms also recently commented on ORAN. Berenberg Bank downgraded Orange SA from a hold rating to a sell rating in a report on Monday, June 19th. BNP Paribas restated an underperform rating on shares of Orange SA in a research note on Tuesday, September 5th. Bank of America Corporation downgraded Orange SA from a buy rating to a neutral rating in a research note on Tuesday, June 13th. Finally, BidaskClub upgraded Orange SA from a sell rating to a hold rating in a research note on Wednesday, September 20th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $18.00.
Orange SA (ORAN) traded up 0.0771% during midday trading on Wednesday, hitting $16.2325. The company had a trading volume of 118,894 shares. Orange SA has a 12 month low of $13.98 and a 12 month high of $17.63. The firm has a 50-day moving average price of $16.67 and a 200-day moving average price of $16.41. The company has a market cap of $43.16 billion and a price-to-earnings ratio of 289.8661.
A number of large investors have recently added to or reduced their stakes in the stock. State of Tennessee Treasury Department acquired a new stake in Orange SA during the 2nd quarter worth approximately $3,180,000. Advisors Management Group Inc. ADV lifted its position in Orange SA by 3.5% during the 2nd quarter. Advisors Management Group Inc. ADV now owns 64,784 shares of the technology company’s stock worth $1,035,000 after acquiring an additional 2,191 shares during the period. FNY Partners Fund LP acquired a new stake in Orange SA during the 1st quarter worth approximately $310,000. AMG National Trust Bank lifted its position in Orange SA by 58.5% during the 2nd quarter. AMG National Trust Bank now owns 146,901 shares of the technology company’s stock worth $2,347,000 after acquiring an additional 54,236 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Orange SA by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,423 shares of the technology company’s stock worth $224,000 after acquiring an additional 2,311 shares during the period.
Orange SA Company Profile
Orange SA is a telecommunications operator. The Company also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s segments include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services.
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