Orange (NYSE:ORAN) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Orange (NYSE:ORAN) in a report issued on Tuesday. The firm issued a strong-buy rating on the technology company’s stock.

Separately, New Street Research raised shares of Orange to a “strong-buy” rating in a research report on Monday, July 8th.

Orange Price Performance

The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.94. Orange has a 52-week low of $9.82 and a 52-week high of $12.41. The company has a 50-day simple moving average of $11.51 and a 200 day simple moving average of $11.20. The firm has a market capitalization of $29.63 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.73 and a beta of 0.22.

Hedge Funds Weigh In On Orange

Several institutional investors and hedge funds have recently made changes to their positions in ORAN. Catalyst Capital Advisors LLC boosted its stake in Orange by 5.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 178,340 shares of the technology company’s stock valued at $2,047,000 after purchasing an additional 10,000 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Orange by 13.7% during the third quarter. QRG Capital Management Inc. now owns 328,431 shares of the technology company’s stock worth $3,770,000 after buying an additional 39,672 shares in the last quarter. Optas LLC bought a new stake in shares of Orange in the third quarter valued at about $156,000. US Bancorp DE grew its stake in shares of Orange by 59.0% in the third quarter. US Bancorp DE now owns 99,816 shares of the technology company’s stock valued at $1,146,000 after acquiring an additional 37,050 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Orange by 131.5% during the third quarter. Blue Trust Inc. now owns 42,492 shares of the technology company’s stock worth $488,000 after acquiring an additional 24,133 shares during the period.

Orange Company Profile

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.