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.

NYSE:ORAN opened at $16.73 on Tuesday. Orange has a one year low of $15.34 and a one year high of $18.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.72 and a current ratio of 0.75. The stock has a market cap of $44.50 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 0.59 and a beta of 0.47.

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.

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