StockNews.com cut shares of Orange (NYSE:ORAN – Free Report) from a buy rating to a hold rating in a research note released on Friday.
Separately, JPMorgan Chase & Co. initiated coverage on Orange in a research note on Wednesday, April 17th. They issued an overweight rating on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Orange has an average rating of Moderate Buy and an average target price of $13.08.
View Our Latest Research Report on Orange
Orange Price Performance
Institutional Investors Weigh In On Orange
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORAN. Brandes Investment Partners LP raised its stake in Orange by 60.7% in 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 acquiring an additional 620,438 shares during the period. QRG Capital Management Inc. bought a new stake in shares of Orange during the third quarter valued at about $3,437,000. UBS Group AG increased its position in shares of Orange by 544.6% during the third quarter. UBS Group AG now owns 329,702 shares of the technology company’s stock valued at $3,788,000 after buying an additional 278,550 shares during the period. Simplicity Wealth LLC bought a new stake in shares of Orange during the first quarter valued at about $3,132,000. Finally, Managed Asset Portfolios LLC increased its position in shares of Orange by 15.3% during the third quarter. Managed Asset Portfolios LLC now owns 1,852,663 shares of the technology company’s stock valued at $21,287,000 after buying an additional 245,958 shares during the period.
Orange Company Profile
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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