Orange (ORAN) Rating Lowered to Sell at Zacks Investment Research
Orange (NYSE:ORAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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. “
Separately, Argus dropped their price objective on shares of Orange from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, September 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Orange currently has a consensus rating of “Hold” and a consensus price target of $18.50.
Hedge funds and other institutional investors have recently modified their holdings of the company. First Hawaiian Bank bought a new position in shares of Orange in the third quarter worth approximately $111,000. Tower Research Capital LLC TRC bought a new position in Orange during the second quarter valued at approximately $133,000. FDx Advisors Inc. bought a new position in Orange during the third quarter valued at approximately $161,000. Dynamic Technology Lab Private Ltd bought a new position in Orange during the third quarter valued at approximately $167,000. Finally, Paloma Partners Management Co bought a new position in Orange during the third quarter valued at approximately $169,000. Hedge funds and other institutional investors own 1.42% of the company’s stock.
Orange Company Profile
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.
Recommended Story: Cost of Debt
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Orange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orange and related companies with MarketBeat.com's FREE daily email newsletter.