Orange SA (ORAN) Given Average Recommendation of “Hold” by Analysts
Shares of Orange SA (NASDAQ:ORAN) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $18.00.
Several research analysts have commented on the company. Zacks Investment Research downgraded Orange SA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BNP Paribas restated an “underperform” rating on shares of Orange SA in a research report on Tuesday, September 5th. BidaskClub upgraded Orange SA from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Bank of America Corporation upgraded Orange SA from a “neutral” rating to a “buy” rating in a research report on Monday.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ORAN. Cambiar Investors LLC increased its position in shares of Orange SA by 5.8% during the second quarter. Cambiar Investors LLC now owns 7,557,404 shares of the technology company’s stock valued at $120,767,000 after purchasing an additional 417,096 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Orange SA during the third quarter valued at approximately $3,871,000. State of Tennessee Treasury Department bought a new stake in shares of Orange SA during the second quarter valued at approximately $3,180,000. JPMorgan Chase & Co. increased its position in shares of Orange SA by 369.0% during the second quarter. JPMorgan Chase & Co. now owns 223,448 shares of the technology company’s stock valued at $3,571,000 after purchasing an additional 175,807 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in shares of Orange SA during the second quarter valued at approximately $1,553,000.
About Orange SA
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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