Orange S.A. (NYSE:ORAN) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Orange S.A. (NYSE:ORAN) have been given a consensus rating of “Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.08.

Several research firms have weighed in on ORAN. JPMorgan Chase & Co. initiated coverage on Orange in a report on Wednesday, April 17th. They set an “overweight” rating on the stock. StockNews.com downgraded Orange from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Sanford C. Bernstein assumed coverage on Orange in a research report on Friday, May 24th. They set an “outperform” rating for the company. Finally, New Street Research raised shares of Orange to a “strong-buy” rating in a research report on Monday, July 8th.

Institutional Investors Weigh In On Orange

A number of institutional investors have recently added to or reduced their stakes in the company. Team Hewins LLC grew its holdings in shares of Orange by 8.7% during the 1st quarter. Team Hewins LLC now owns 30,743 shares of the technology company’s stock worth $362,000 after purchasing an additional 2,455 shares in the last quarter. Callan Capital LLC bought a new stake in Orange in the 1st quarter valued at $169,000. Allspring Global Investments Holdings LLC bought a new position in shares of Orange during the 1st quarter worth about $39,000. First Affirmative Financial Network boosted its position in shares of Orange by 19.8% during the 4th quarter. First Affirmative Financial Network now owns 33,273 shares of the technology company’s stock valued at $380,000 after acquiring an additional 5,488 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Orange by 7.7% in the third quarter. American Century Companies Inc. now owns 827,488 shares of the technology company’s stock valued at $9,508,000 after acquiring an additional 59,052 shares during the period.

Orange Stock Up 1.5 %

Shares of NYSE:ORAN opened at $10.97 on Friday. Orange has a 1 year low of $9.82 and a 1 year high of $12.41. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $10.86 and a 200 day simple moving average of $11.33.

Orange Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, June 21st. Stockholders of record on Monday, June 3rd were issued a dividend of $0.4523 per share. This is an increase from Orange’s previous semi-annual dividend of $0.32. The ex-dividend date was Monday, June 3rd. This represents a dividend yield of 5.1%.

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.