Orange (NYSE:ORAN) Cut to Hold at StockNews.com

StockNews.com cut shares of Orange (NYSE:ORAN) from a buy rating to a hold rating in a report released on Friday morning.

Separately, JPMorgan Chase & Co. assumed coverage on shares of Orange in a research note on Wednesday, April 17th. They issued an overweight rating for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $13.08.

Orange Stock Up 0.7 %

Shares of ORAN opened at $11.21 on Friday. Orange has a one year low of $10.97 and a one year high of $13.05. The company has a 50-day moving average of $11.49 and a two-hundred day moving average of $11.68. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.88.

Hedge Funds Weigh In On Orange

Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Orange during the first quarter worth approximately $39,000. New York State Common Retirement Fund acquired a new position in Orange in the 3rd quarter valued at approximately $40,000. CWM LLC lifted its position in Orange by 53.1% in the 4th quarter. CWM LLC now owns 3,586 shares of the technology company’s stock worth $41,000 after buying an additional 1,244 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Orange by 118.2% during the 1st quarter. GAMMA Investing LLC now owns 3,662 shares of the technology company’s stock valued at $43,000 after buying an additional 1,984 shares during the period. Finally, Tucker Asset Management LLC purchased a new position in shares of Orange during the 4th quarter valued at $76,000.

About Orange

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.