Zacks Investment Research downgraded shares of Orange SA (NASDAQ:ORAN) from a hold rating to a sell rating in a research report report published on Wednesday morning.

According to Zacks, “Orange SA provides telecommunications services. It offers a range of fixed telephony and mobile telecommunications, data transmission, Internet and multimedia, and other value-added services to consumers, businesses, and other telecommunications operators under the Orange brand worldwide. Orange SA, formerly known as France Telecom S.A., is based in Paris, France. “

Other research analysts have also recently issued research reports about the company. Bank of America Corporation cut Orange SA from a buy rating to a neutral rating in a report on Tuesday, June 13th. Berenberg Bank cut Orange SA from a hold rating to a sell rating in a report on Monday, June 19th. Finally, BNP Paribas reaffirmed an underperform rating on shares of Orange SA in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $16.00.

Shares of Orange SA (NASDAQ ORAN) opened at 16.71 on Wednesday. Orange SA has a 12 month low of $13.98 and a 12 month high of $17.63. The company has a 50 day moving average price of $16.85 and a 200-day moving average price of $16.25. The firm has a market capitalization of $44.43 billion and a PE ratio of 303.82.

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A number of large investors have recently made changes to their positions in the business. Rikoon Group LLC acquired a new stake in Orange SA during the 2nd quarter valued at $367,000. Arrowstreet Capital Limited Partnership acquired a new stake in Orange SA during the 2nd quarter valued at $237,000. Royal Bank of Canada raised its stake in Orange SA by 4.7% during the 2nd 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 during the period. Goldman Sachs Group Inc. raised its stake in Orange SA by 0.3% during the 2nd 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 during the period. Finally, Miles Capital Inc. acquired a new stake in Orange SA during the 2nd quarter valued at $173,000.

Orange SA Company Profile

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.

Analyst Recommendations for Orange SA (NASDAQ:ORAN)

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