Orange (NYSE:ORAN) Stock Rating Lowered by StockNews.com

Orange (NYSE:ORAN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other research firms have also issued reports on ORAN. Barclays lowered their target price on Orange from $13.00 to $12.50 and set an “overweight” rating on the stock in a report on Wednesday, October 18th. Citigroup raised Orange from a “neutral” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Bank of America raised Orange from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $9.72 to $13.65 in a report on Wednesday, October 4th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Orange presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.08.

Orange Stock Performance

ORAN opened at $11.84 on Tuesday. The stock’s 50 day moving average price is $11.66 and its two-hundred day moving average price is $11.65. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.94. Orange has a 12-month low of $9.62 and a 12-month high of $13.08.

Hedge Funds Weigh In On Orange

Institutional investors have recently bought and sold shares of the business. Greenleaf Trust grew its stake in shares of Orange by 2.0% during the first quarter. Greenleaf Trust now owns 64,153 shares of the technology company’s stock worth $765,000 after purchasing an additional 1,230 shares during the period. Raymond James & Associates raised its holdings in Orange by 25.1% during the first quarter. Raymond James & Associates now owns 124,547 shares of the technology company’s stock worth $1,486,000 after acquiring an additional 24,954 shares in the last quarter. Beverly Hills Private Wealth LLC raised its holdings in Orange by 21.7% during the first quarter. Beverly Hills Private Wealth LLC now owns 21,510 shares of the technology company’s stock worth $257,000 after acquiring an additional 3,841 shares in the last quarter. Signaturefd LLC raised its holdings in Orange by 3.9% during the first quarter. Signaturefd LLC now owns 30,976 shares of the technology company’s stock worth $370,000 after acquiring an additional 1,162 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its holdings in Orange by 3.3% during the second quarter. Waterfront Wealth Inc. now owns 131,506 shares of the technology company’s stock worth $1,559,000 after acquiring an additional 4,218 shares in the last quarter. Institutional investors own 0.99% of the company’s stock.

Orange Company Profile

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