According to Zacks, “Orange SA provides telecommunications services. It offers a range of fixed telephony and mobile telecommunications, data transmission, Internet and multimedia services, and other value-added services to consumers, businesses and other telecommunications operators under the Orange brand in the whole world. Orange SA, formerly France Telecom SA, is based in Paris, France. “
A number of other analysts also commented on the ARSO. StockNews.com supposed coverage on Orange in a research note from Thursday, March 31. They have placed a “holding” rating on the stock. Argus downgraded Orange from a ‘buy’ rating to a ‘hold’ rating in a Thursday, January 20 research report. Goldman Sachs downgraded Orange from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 18. Finally, Barclays lowered its price target on Orange from €10.00 ($10.87) to €9.00 ($9.78) in a Friday, April 1 research report. Two research analysts gave the stock a sell rating, ten gave the company a hold rating and one gave the company a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.33.
Shares of ORAN shares opened at $12.24 on Friday. The company’s 50-day moving average price is $11.95 and its 200-day moving average price is $11.30. Orange has a 12-month low of $9.85 and a 12-month high of $13.09. The company has a debt ratio of 0.91, a current ratio of 0.95 and a quick ratio of 0.91.
A number of hedge funds have recently changed their holdings in the company. Thornburg Investment Management Inc. increased its stake in Orange by 440.3% in the fourth quarter. Thornburg Investment Management Inc. now owns 685,211 shares of the technology company valued at $7,229,000 after acquiring an additional 558,379 shares during the period. Millennium Management LLC increased its stake in Orange by 205.6% in the third quarter. Millennium Management LLC now owns 635,238 shares of the technology company valued at $6,880,000 after acquiring an additional 427,405 shares during the period. Goldman Sachs Group Inc. increased its stake in Orange by 40.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,296,425 shares of the technology company valued at $13,677,000 after acquiring an additional 374,350 shares during the period. Barclays PLC increased its stake in Orange by 154.9% in the fourth quarter. Barclays PLC now owns 556,233 shares of the technology company valued at $5,869,000 after acquiring an additional 338,035 shares during the period. Finally, Penserra Capital Management LLC increased its stake in Orange by 28.0% in the fourth quarter. Penserra Capital Management LLC now owns 1,013,396 shares of the technology company valued at $10,691,000 after acquiring an additional 221,649 shares during the period. Institutional investors and hedge funds own 0.90% of the company’s shares.
Orange company profile (Get a rating)
Orange SA provides various fixed telephony and mobile telecommunications services, data transmission and other value-added services to customers, businesses and other telecommunications operators in France and internationally. It operates across France; Spain and other European countries; Africa and the Middle East; Business; International carriers and shared services; and mobile financial services segments.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
Get news and reviews for Orange Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Orange and related companies with MarketBeat.com’s free daily email newsletter.