Orange SA (NASDAQ:ORAN) Receives Average Recommendation of “Buy” from Brokerages
Shares of Orange SA (NASDAQ:ORAN) have received a consensus rating of “Buy” from the five analysts that are presently covering the firm. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $16.00.
A number of research analysts have issued reports on ORAN shares. Bank of America Corp. cut Orange SA from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 31st. Credit Suisse Group AG upgraded Orange SA from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 27th. Raymond James Financial Inc. upgraded Orange SA from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 19th. HSBC cut Orange SA from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Monday, October 3rd. Finally, JPMorgan Chase & Co. upgraded Orange SA from a “neutral” rating to an “overweight” rating in a research note on Monday, July 11th.
A hedge fund recently raised its stake in Orange SA stock. Telemus Capital LLC raised its stake in Orange SA (NASDAQ:ORAN) by 7.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,629 shares of the company’s stock after buying an additional 1,059 shares during the period. Telemus Capital LLC’s holdings in Orange SA were worth $243,000 at the end of the most recent reporting period.
Orange SA (NASDAQ:ORAN) opened at 15.16 on Monday. Orange SA has a 1-year low of $14.62 and a 1-year high of $18.32. The stock’s 50 day moving average price is $15.23 and its 200 day moving average price is $16.10. The company has a market cap of $40.32 billion and a P/E ratio of 7.85.
About Orange SA
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