JPMorgan Chase & Co. cut shares of Orange (NYSE:ORAN) from an overweight rating to a neutral rating in a research note published on Monday, BenzingaRatingsTable reports.

A number of other brokerages have also issued reports on ORAN. Morgan Stanley lowered shares of Orange from an overweight rating to an equal weight rating in a report on Thursday, June 6th. Zacks Investment Research cut shares of Orange from a hold rating to a sell rating in a research report on Tuesday, September 3rd. Finally, ValuEngine cut shares of Orange from a hold rating to a sell rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Orange currently has a consensus rating of Hold and an average price target of $17.00.

Shares of ORAN opened at $14.96 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. Orange has a 12-month low of $14.57 and a 12-month high of $17.06. The firm has a 50-day moving average price of $14.92 and a 200 day moving average price of $15.48. The firm has a market capitalization of $39.56 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.04 and a beta of 0.40.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Management Group Inc. ADV lifted its position in Orange by 1.1% in the first quarter. Advisors Management Group Inc. ADV now owns 62,712 shares of the technology company’s stock valued at $1,022,000 after buying an additional 681 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in shares of Orange by 3.5% during the second quarter. Wetherby Asset Management Inc. now owns 23,044 shares of the technology company’s stock worth $363,000 after purchasing an additional 789 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Orange by 3.1% during the first quarter. Eagle Asset Management Inc. now owns 27,760 shares of the technology company’s stock worth $452,000 after purchasing an additional 830 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Orange by 5.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 19,549 shares of the technology company’s stock worth $319,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Orange by 9.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,278 shares of the technology company’s stock worth $224,000 after purchasing an additional 1,279 shares in the last quarter. 1.37% of the stock is currently owned by institutional investors.

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. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.

Further Reading: Initial Coin Offering (ICO)

Analyst Recommendations for Orange (NYSE:ORAN)

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