Wedbush Securities Inc. Increases Holdings in Orange S.A. (NYSE:ORAN)

Wedbush Securities Inc. raised its holdings in shares of Orange S.A. (NYSE:ORAN) by 17.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,745 shares of the technology company’s stock after purchasing an additional 6,092 shares during the period. Wedbush Securities Inc.’s holdings in Orange were worth $417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in shares of Orange during the first quarter valued at approximately $39,000. GAMMA Investing LLC increased its position in Orange by 118.2% during the 1st quarter. GAMMA Investing LLC now owns 3,662 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,984 shares during the period. Mather Group LLC. bought a new position in Orange in the 2nd quarter worth $60,000. Tucker Asset Management LLC purchased a new stake in shares of Orange in the 4th quarter worth about $76,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Orange by 13.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,277 shares of the technology company’s stock valued at $95,000 after purchasing an additional 965 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ORAN. New Street Research upgraded shares of Orange to a “strong-buy” rating in a report on Monday, July 8th. StockNews.com upgraded Orange from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Finally, Sanford C. Bernstein began coverage on Orange in a research note on Friday, May 24th. They issued an “outperform” rating on the stock. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $13.08.

Orange Price Performance

Shares of NYSE:ORAN opened at $12.07 on Friday. The business has a fifty day moving average price of $11.29 and a 200-day moving average price of $11.22. Orange S.A. has a 1-year low of $9.82 and a 1-year high of $12.41. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.94.

Orange 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.