Orange SA (ORAN) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Orange SA (NYSE:ORAN) have been assigned an average recommendation of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $19.00.
ORAN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Orange from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Goldman Sachs Group restated a “buy” rating on shares of Orange in a research report on Friday, February 22nd. Berenberg Bank upgraded shares of Orange from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Credit Suisse Group restated a “buy” rating on shares of Orange in a research report on Friday, February 22nd. Finally, Barclays cut shares of Orange from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 5th.
A number of hedge funds and other institutional investors have recently made changes to their positions in ORAN. Mercer Global Advisors Inc. ADV bought a new stake in shares of Orange in the 1st quarter valued at $680,000. Brinker Capital Inc. boosted its stake in shares of Orange by 8.7% in the 1st quarter. Brinker Capital Inc. now owns 35,108 shares of the technology company’s stock valued at $572,000 after purchasing an additional 2,805 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of Orange in the 1st quarter valued at $170,000. Vigilant Capital Management LLC bought a new stake in shares of Orange in the 1st quarter valued at $72,000. Finally, Liberty Wealth Management LLC bought a new stake in shares of Orange in the 4th quarter valued at $25,000. Hedge funds and other institutional investors own 1.45% of the company’s stock.
Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.
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