Orange (NYSE:ORAN) Upgraded at StockNews.com

Orange (NYSE:ORAN) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other equities analysts have also recently issued reports on ORAN. Sanford C. Bernstein initiated coverage on shares of Orange in a research report on Friday, May 24th. They issued an “outperform” rating on the stock. New Street Research upgraded shares of Orange to a “strong-buy” rating in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Orange in a research report on Wednesday, April 17th. They issued an “overweight” rating on the stock. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $13.08.

Orange Stock Up 0.5 %

Orange stock traded up $0.05 during mid-day trading on Friday, hitting $11.17. The company’s stock had a trading volume of 296,277 shares, compared to its average volume of 457,996. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.79 and a current ratio of 0.83. The business has a 50 day moving average price of $10.80 and a 200-day moving average price of $11.30. Orange has a 12 month low of $9.82 and a 12 month high of $12.41.

Hedge Funds Weigh In On Orange

Several hedge funds and other institutional investors have recently modified their holdings of ORAN. Raymond James Financial Services Advisors Inc. increased its position in shares of Orange by 56.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 38,423 shares of the technology company’s stock valued at $439,000 after buying an additional 13,881 shares during the period. Ritholtz Wealth Management bought a new stake in Orange during the fourth quarter worth about $292,000. Blue Trust Inc. boosted its stake in Orange by 31,643.3% during the fourth quarter. Blue Trust Inc. now owns 9,523 shares of the technology company’s stock worth $109,000 after acquiring an additional 9,493 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Orange by 9.8% during the fourth quarter. Bleakley Financial Group LLC now owns 233,158 shares of the technology company’s stock worth $2,665,000 after acquiring an additional 20,815 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Orange during the fourth quarter worth about $121,000.

About Orange

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.