Orange (NYSE:ORAN) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of Orange (NYSE:ORAN) from a buy rating to a hold rating in a report issued on Friday.

Separately, JPMorgan Chase & Co. started coverage on shares of Orange in a research report on Wednesday, April 17th. They set an overweight rating on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $13.08.

Orange Price Performance

NYSE:ORAN opened at $11.13 on Friday. Orange has a 52 week low of $10.97 and a 52 week high of $13.08. The firm’s 50-day simple moving average is $11.50 and its 200 day simple moving average is $11.68. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 0.88.

Institutional Investors Weigh In On Orange

A number of large investors have recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in Orange by 49.1% during the first quarter. Lindbrook Capital LLC now owns 14,578 shares of the technology company’s stock worth $172,000 after buying an additional 4,801 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Orange in the 1st quarter valued at approximately $3,132,000. Norden Group LLC acquired a new stake in shares of Orange in the 1st quarter valued at approximately $137,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Orange in the 1st quarter valued at approximately $39,000. Finally, 180 Wealth Advisors LLC boosted its stake in shares of Orange by 13.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 15,147 shares of the technology company’s stock valued at $178,000 after purchasing an additional 1,850 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.