Orange SA (NASDAQ:ORAN) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Orange SA provides telecommunications services. It offers a range of fixed telephony and mobile telecommunications, data transmission, Internet and multimedia, and other value-added services to consumers, businesses, and other telecommunications operators under the Orange brand worldwide. Orange SA, formerly known as France Telecom S.A., is based in Paris, France. “

ORAN has been the subject of several other research reports. Bank of America Corporation cut shares of Orange SA from a “buy” rating to a “neutral” rating in a report on Tuesday, June 13th. Berenberg Bank cut shares of Orange SA from a “hold” rating to a “sell” rating in a report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $16.00.

Orange SA (NASDAQ ORAN) opened at 17.13 on Tuesday. The firm has a 50 day moving average of $16.38 and a 200-day moving average of $16.01. The stock has a market cap of $45.54 billion and a PE ratio of 317.22. Orange SA has a 12-month low of $13.98 and a 12-month high of $17.63.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning boosted its position in shares of Orange SA 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 buying an additional 564 shares during the last quarter. Sei Investments Co. boosted its position in shares of Orange SA 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 buying an additional 721 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Orange SA 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 buying an additional 1,881 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Orange SA during the first quarter valued at about $166,000. Finally, RMB Capital Management LLC bought a new position in shares of Orange SA during the first quarter valued at about $215,000.

Orange SA 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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Analyst Recommendations for Orange SA (NASDAQ:ORAN)

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