Orange (NYSE:ORAN) Downgraded to “Underweight” at Barclays

Barclays lowered shares of Orange (NYSE:ORAN) from an equal weight rating to an underweight rating in a report published on Thursday morning, The Fly reports.

A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. reissued a neutral rating on shares of Orange in a report on Wednesday, May 5th. Zacks Investment Research raised Orange from a sell rating to a hold rating in a research report on Thursday, June 3rd. Morgan Stanley reaffirmed an equal weight rating on shares of Orange in a research report on Tuesday, May 11th. The Goldman Sachs Group downgraded Orange from a buy rating to a neutral rating in a research report on Tuesday, May 11th. Finally, Credit Suisse Group reaffirmed an outperform rating on shares of Orange in a research report on Friday, February 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $13.00.

NYSE ORAN opened at $12.87 on Thursday. Orange has a fifty-two week low of $10.15 and a fifty-two week high of $13.09. The firm has a market capitalization of $34.21 billion, a PE ratio of 6.60 and a beta of 0.30. The business has a fifty day moving average of $12.68. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.86 and a current ratio of 0.89.

The company also recently declared a dividend, which will be paid on Friday, July 2nd. Shareholders of record on Monday, June 14th will be given a dividend of $0.545 per share. This represents a yield of 8.47%. The ex-dividend date of this dividend is Friday, June 11th. This is an increase from Orange’s previous dividend of $0.22. Orange’s payout ratio is 36.41%.

A number of hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its position in Orange by 7.5% during the fourth quarter. Northern Trust Corp now owns 2,063,367 shares of the technology company’s stock valued at $24,471,000 after acquiring an additional 143,688 shares during the period. Goldman Sachs Group Inc. grew its position in Orange by 5.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,236,031 shares of the technology company’s stock valued at $15,240,000 after acquiring an additional 64,927 shares during the period. Optiver Holding B.V. purchased a new stake in Orange during the first quarter valued at about $13,458,000. BlackRock Inc. grew its position in Orange by 252,599.3% during the first quarter. BlackRock Inc. now owns 1,071,445 shares of the technology company’s stock valued at $13,211,000 after acquiring an additional 1,071,021 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Orange by 18.5% in the first quarter. Royal Bank of Canada now owns 1,048,656 shares of the technology company’s stock worth $12,930,000 after buying an additional 163,757 shares during the period. 0.95% of the stock is owned by hedge funds and other institutional investors.

About Orange

Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. It operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; International Carriers & Shared Services; and Mobile Financial Services segments.

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