Orange SA (NASDAQ:ORAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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. “

Other equities research analysts have also recently issued reports about the stock. Bank of America Corporation cut shares of Orange SA from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 13th. Berenberg Bank cut shares of Orange SA from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Finally, BNP Paribas restated an “underperform” rating on shares of Orange SA in a research note on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Orange SA presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Shares of Orange SA (NASDAQ ORAN) traded down 0.72% during trading on Wednesday, hitting $16.64. 183,139 shares of the stock were exchanged. Orange SA has a 12-month low of $13.98 and a 12-month high of $17.63. The stock has a 50-day moving average of $16.85 and a 200 day moving average of $16.25. The stock has a market cap of $44.24 billion and a P/E ratio of 302.55.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Partners Fund LP bought a new stake in shares of Orange SA during the first quarter valued at about $310,000. Advisors Management Group Inc. ADV raised its stake in shares of Orange SA by 3.5% during the second quarter. Advisors Management Group Inc. ADV now owns 64,784 shares of the technology company’s stock valued at $1,035,000 after purchasing an additional 2,191 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Orange SA by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 14,423 shares of the technology company’s stock valued at $224,000 after purchasing an additional 2,311 shares in the last quarter. United Services Automobile Association raised its stake in shares of Orange SA by 12.2% during the first quarter. United Services Automobile Association now owns 37,088 shares of the technology company’s stock valued at $576,000 after purchasing an additional 4,044 shares in the last quarter. Finally, RMB Capital Management LLC bought a new stake in shares of Orange SA during the first quarter valued at about $215,000.

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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Analyst Recommendations for Orange SA (NASDAQ:ORAN)

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