Orange (ORAN) Receives Consensus Recommendation of “Hold” from Brokerages

Orange (NYSE:ORAN) has earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company.

Several research firms have recently issued reports on ORAN. Zacks Investment Research upgraded Orange from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, November 2nd. BidaskClub upgraded Orange from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Bank of America upgraded Orange from a “neutral” rating to a “buy” rating in a research report on Monday, October 30th. Berenberg Bank upgraded Orange from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Finally, Gabelli restated a “buy” rating on shares of Orange in a research report on Friday, December 1st.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its position in Orange by 11.4% during the 3rd quarter. Pacer Advisors Inc. now owns 108,259 shares of the technology company’s stock worth $1,778,000 after acquiring an additional 11,096 shares during the last quarter. AMG National Trust Bank boosted its position in Orange by 5.6% during the 3rd quarter. AMG National Trust Bank now owns 155,198 shares of the technology company’s stock worth $2,548,000 after acquiring an additional 8,297 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Orange by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 293,075 shares of the technology company’s stock worth $4,794,000 after acquiring an additional 69,627 shares during the last quarter. Cambiar Investors LLC boosted its position in Orange by 4.5% during the 3rd quarter. Cambiar Investors LLC now owns 7,897,545 shares of the technology company’s stock worth $129,678,000 after acquiring an additional 340,141 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Orange by 12.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 134,307 shares of the technology company’s stock worth $2,158,000 after acquiring an additional 15,001 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Shares of Orange (NYSE:ORAN) traded up $0.33 during trading hours on Tuesday, reaching $17.58. The company’s stock had a trading volume of 364,000 shares, compared to its average volume of 367,556. Orange has a 12-month low of $14.94 and a 12-month high of $17.65. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.74 and a quick ratio of 0.71.

The firm also recently disclosed a semiannual dividend, which was paid on Thursday, December 28th. Investors of record on Monday, December 4th were given a $0.294 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a dividend yield of 3.57%.

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About Orange

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.

Analyst Recommendations for Orange (NYSE:ORAN)

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