Orange (NYSE:ORAN) – Jefferies Group cut their FY2017 earnings estimates for shares of Orange in a report released on Friday. Jefferies Group analyst J. Dellis now expects that the technology company will earn $1.24 per share for the year, down from their prior estimate of $1.33. Jefferies Group also issued estimates for Orange’s FY2018 earnings at $1.39 EPS.
A number of other research analysts have also weighed in on ORAN. BidaskClub lowered shares of Orange from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Zacks Investment Research raised shares of Orange from a “sell” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, October 4th. Bank of America raised shares of Orange from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. Gabelli reissued a “buy” rating on shares of Orange in a report on Friday, December 1st. Finally, Berenberg Bank raised shares of Orange from a “sell” rating to a “hold” rating in a research note on Friday, December 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $18.00.
The company also recently disclosed a semiannual dividend, which was paid on Thursday, December 28th. Shareholders of record on Monday, December 4th were paid a dividend of $0.294 per share. This represents a yield of 3.57%. The ex-dividend date of this dividend was Friday, December 1st.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Syntal Capital Partners LLC purchased a new position in Orange during the fourth quarter worth $870,000. Parametric Portfolio Associates LLC boosted its stake in shares of Orange by 13.9% during the third quarter. Parametric Portfolio Associates LLC now owns 1,075,347 shares of the technology company’s stock valued at $17,657,000 after purchasing an additional 131,349 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Orange by 6.9% during the third quarter. Janney Montgomery Scott LLC now owns 79,823 shares of the technology company’s stock valued at $1,311,000 after purchasing an additional 5,145 shares during the period. Camelot Portfolios LLC boosted its stake in shares of Orange by 3.9% during the third quarter. Camelot Portfolios LLC now owns 138,708 shares of the technology company’s stock valued at $2,278,000 after purchasing an additional 5,164 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Orange by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 293,075 shares of the technology company’s stock valued at $4,794,000 after purchasing an additional 69,627 shares during the period. 1.18% of the stock is owned by institutional investors.
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Orange 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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