Orange (ORAN) Raised to “Neutral” at BNP Paribas

Orange (NYSE:ORAN) was upgraded by stock analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also issued reports on the stock. Bank of America upgraded shares of Orange from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th. Berenberg Bank upgraded shares of Orange from a “sell” rating to a “hold” rating in a research note on Friday, December 8th. Gabelli reiterated a “buy” rating on shares of Orange in a research note on Friday, December 1st. Zacks Investment Research lowered shares of Orange from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Finally, BidaskClub lowered shares of Orange from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.00.

Shares of Orange (ORAN) traded up $0.11 during trading on Tuesday, hitting $18.28. 582,372 shares of the stock were exchanged, compared to its average volume of 404,673. Orange has a twelve month low of $14.94 and a twelve month high of $18.28. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.91.

Institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning lifted its holdings in shares of Orange by 9.5% in the first quarter. Creative Planning now owns 6,505 shares of the technology company’s stock valued at $101,000 after purchasing an additional 564 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Orange by 12.5% in the first quarter. Sei Investments Co. now owns 6,509 shares of the technology company’s stock valued at $101,000 after purchasing an additional 721 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Orange by 23.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,971 shares of the technology company’s stock valued at $155,000 after purchasing an additional 1,881 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of Orange in the third quarter valued at about $165,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Orange in the first quarter valued at about $166,000. Institutional investors own 1.18% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Orange (ORAN) Raised to “Neutral” at BNP Paribas” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/01/23/orange-oran-raised-to-neutral-at-bnp-paribas.html.

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)

Leave a Reply