Orange (NYSE:ORAN) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Orange (NYSE:ORAN) 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.

Orange Stock Up 0.5 %

Shares of ORAN opened at $11.17 on Friday. The company has a 50-day moving average of $10.80 and a two-hundred day moving average of $11.30. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.88. Orange has a one year low of $9.82 and a one year high of $12.41.

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.