Orange (ORAN) Receives Average Rating of “Hold” from Analysts

Shares of Orange (NYSE:ORAN) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Orange from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BNP Paribas reissued an “underperform” rating on shares of Orange in a research note on Tuesday, September 5th. BidaskClub raised shares of Orange from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Bank of America Corporation raised shares of Orange from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th.

Orange (NYSE:ORAN) traded up $0.23 during mid-day trading on Monday, reaching $16.97. 150,200 shares of the company were exchanged, compared to its average volume of 362,427. Orange has a 12 month low of $13.98 and a 12 month high of $17.63. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 0.91.

The firm also recently announced a semiannual dividend, which will be paid on Thursday, December 28th. Shareholders of record on Monday, December 4th will be paid a dividend of $0.294 per share. This represents a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, December 1st.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cambiar Investors LLC increased its stake in shares of Orange by 4.5% during the third quarter. Cambiar Investors LLC now owns 7,897,545 shares of the technology company’s stock valued at $129,678,000 after purchasing an additional 340,141 shares in the last quarter. Brandes Investment Partners LP increased its stake in shares of Orange by 2.3% during the second quarter. Brandes Investment Partners LP now owns 3,495,736 shares of the technology company’s stock valued at $55,862,000 after purchasing an additional 77,107 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Orange by 0.3% during the second quarter. Goldman Sachs Group Inc. now owns 741,811 shares of the technology company’s stock valued at $11,854,000 after purchasing an additional 1,856 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Orange by 4.7% during the second quarter. Royal Bank of Canada now owns 673,465 shares of the technology company’s stock valued at $10,762,000 after purchasing an additional 30,015 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of Orange by 5.8% during the third quarter. Aperio Group LLC now owns 468,587 shares of the technology company’s stock valued at $7,694,000 after purchasing an additional 25,491 shares in the last quarter. 1.19% of the stock is owned by institutional investors and hedge funds.

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About Orange

Orange SA is a telecommunications operator. The Company also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s segments include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services.

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