Orange (ORAN) Rating Increased to Hold at Zacks Investment Research
Orange (NYSE:ORAN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.
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 a number of other research reports. Argus started coverage on Orange in a research note on Monday, July 16th. They issued a “buy” rating and a $21.00 price target for the company. ValuEngine lowered Orange from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.00.
A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new position in shares of Orange during the 2nd quarter valued at about $133,000. Ausdal Financial Partners Inc. bought a new position in shares of Orange during the 2nd quarter valued at about $180,000. Financial Gravity Wealth Inc. bought a new position in shares of Orange during the 1st quarter valued at about $198,000. Canandaigua National Bank & Trust Co. bought a new position in shares of Orange during the 1st quarter valued at about $217,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Orange by 352.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 12,810 shares of the technology company’s stock valued at $219,000 after purchasing an additional 9,976 shares during the last quarter. Institutional investors and hedge funds own 1.40% of the company’s stock.
Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. It offers mobile, fixed-line telephony, fixed broadband, business solutions and networks, and carrier services; sells mobile devices, equipment, and accessories; and sells and rents fixed-line equipment.
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