Orange (NYSE:ORAN – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.
Separately, JPMorgan Chase & Co. assumed coverage on Orange in a report on Wednesday, April 17th. They set an “overweight” rating for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Orange currently has an average rating of “Moderate Buy” and an average price target of $13.08.
View Our Latest Report on Orange
Orange Price Performance
Institutional Investors Weigh In On Orange
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Managed Asset Portfolios LLC raised its position in Orange by 15.3% during the 3rd quarter. Managed Asset Portfolios LLC now owns 1,852,663 shares of the technology company’s stock valued at $21,287,000 after purchasing an additional 245,958 shares in the last quarter. Brandes Investment Partners LP raised its position in Orange by 60.7% during the 4th quarter. Brandes Investment Partners LP now owns 1,642,782 shares of the technology company’s stock valued at $18,777,000 after purchasing an additional 620,438 shares in the last quarter. American Century Companies Inc. raised its position in Orange by 7.7% during the 3rd quarter. American Century Companies Inc. now owns 827,488 shares of the technology company’s stock valued at $9,508,000 after purchasing an additional 59,052 shares in the last quarter. LPL Financial LLC raised its position in Orange by 7.2% during the 3rd quarter. LPL Financial LLC now owns 378,199 shares of the technology company’s stock valued at $4,346,000 after purchasing an additional 25,552 shares in the last quarter. Finally, Barclays PLC raised its position in Orange by 16.4% during the 3rd quarter. Barclays PLC now owns 357,145 shares of the technology company’s stock valued at $4,103,000 after purchasing an additional 50,325 shares in the last quarter.
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.
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