StockNews.com upgraded shares of Orange (NYSE:ORAN – Free Report) from a hold rating to a buy rating in a research report released on Friday morning.
Several other analysts also recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Orange in a research note on Wednesday, April 17th. They set an overweight rating on the stock. Sanford C. Bernstein assumed coverage on Orange in a research report on Friday, May 24th. They set an outperform rating on the stock. Finally, New Street Research upgraded Orange to a strong-buy rating in a research report on Monday, July 8th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $13.08.
View Our Latest Stock Report on ORAN
Orange Stock Up 0.5 %
Orange Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Friday, June 21st. Stockholders of record on Monday, June 3rd were paid a $0.4523 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This is an increase from Orange’s previous semi-annual dividend of $0.32. This represents a dividend yield of 5.1%.
Institutional Trading of Orange
Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Orange in the 1st quarter worth about $39,000. CWM LLC increased its holdings in Orange by 53.1% in the fourth quarter. CWM LLC now owns 3,586 shares of the technology company’s stock worth $41,000 after buying an additional 1,244 shares during the last quarter. GAMMA Investing LLC raised its position in Orange by 118.2% during the first quarter. GAMMA Investing LLC now owns 3,662 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,984 shares in the last quarter. Mather Group LLC. acquired a new stake in Orange in the second quarter valued at approximately $60,000. Finally, Tucker Asset Management LLC bought a new stake in Orange in the fourth quarter worth approximately $76,000.
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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