Orange (NYSE:ORAN) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Orange (NYSE:ORAN) from a hold rating to a sell rating in a research note released on Friday morning, Zacks.com reports.

According to Zacks, “Orange SA provides telecommunications services. It offers a range of fixed telephony and mobile telecommunications, data transmission, Internet and multimedia, and other value-added services to consumers, businesses, and other telecommunications operators under the Orange brand worldwide. Orange SA, formerly known as France Telecom S.A., is based in Paris, France. “

Separately, Morgan Stanley lowered shares of Orange from an overweight rating to an equal weight rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $18.00.

Shares of ORAN stock traded up $0.23 during trading hours on Friday, hitting $14.91. The company’s stock had a trading volume of 617,200 shares, compared to its average volume of 742,225. The business has a fifty day moving average of $15.04 and a 200-day moving average of $15.51. The stock has a market cap of $38.92 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.02 and a beta of 0.40. Orange has a twelve month low of $14.57 and a twelve month high of $17.06. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

A number of hedge funds and other institutional investors have recently made changes to their positions in ORAN. NEXT Financial Group Inc boosted its position in Orange by 226.6% during the second quarter. NEXT Financial Group Inc now owns 2,162 shares of the technology company’s stock worth $34,000 after acquiring an additional 1,500 shares during the last quarter. SRS Capital Advisors Inc. acquired a new stake in Orange during the second quarter worth approximately $35,000. Zions Bancorporation N.A. acquired a new stake in Orange during the first quarter worth approximately $45,000. Covenant Multifamily Offices LLC acquired a new stake in Orange during the first quarter worth approximately $48,000. Finally, Private Capital Group LLC boosted its position in Orange by 45.0% during the first quarter. Private Capital Group LLC now owns 3,469 shares of the technology company’s stock worth $57,000 after acquiring an additional 1,076 shares during the last quarter. Hedge funds and other institutional investors own 1.42% of the company’s stock.

Orange Company Profile

Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.

Read More: 52-Week High/Low Prices For Stock Selection

Get a free copy of the Zacks research report on Orange (ORAN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Orange (NYSE:ORAN)

Receive News & Ratings for Orange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orange and related companies with MarketBeat.com's FREE daily email newsletter.