Orange S.A. (NYSE:ORAN) Receives $13.08 Consensus PT from Brokerages

Shares of Orange S.A. (NYSE:ORAN) have received a consensus rating of “Buy” from the five brokerages that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.08.

A number of research firms recently weighed in on ORAN. StockNews.com raised Orange from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. New Street Research raised Orange to a “strong-buy” rating in a report on Monday, July 8th.

Orange Stock Performance

NYSE:ORAN opened at $11.65 on Thursday. The firm has a 50 day moving average of $11.52 and a 200-day moving average of $11.25. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. Orange has a 1 year low of $9.82 and a 1 year high of $12.41.

Hedge Funds Weigh In On Orange

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in shares of Orange during the 1st quarter valued at approximately $39,000. GAMMA Investing LLC boosted its stake in Orange by 118.2% in the 1st quarter. GAMMA Investing LLC now owns 3,662 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,984 shares during the period. Mather Group LLC. bought a new stake in shares of Orange during the second quarter valued at about $60,000. Tucker Asset Management LLC purchased a new stake in shares of Orange in the fourth quarter worth about $76,000. Finally, Verus Capital Partners LLC bought a new position in shares of Orange in the second quarter valued at approximately $104,000.

About Orange

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.