Zacks Investment Research Lowers Orange (ORAN) to Sell

Orange (NYSE:ORAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday.

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. “

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Separately, ValuEngine lowered shares of Orange from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $19.00.

NYSE ORAN opened at $16.67 on Friday. Orange has a 52 week low of $15.82 and a 52 week high of $18.57. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.71. The firm has a market cap of $44.18 billion, a PE ratio of 23.81, a PEG ratio of 0.52 and a beta of 0.66.

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in shares of Orange by 1.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 731,349 shares of the technology company’s stock worth $12,726,000 after buying an additional 11,937 shares during the last quarter. Pittenger & Anderson Inc. increased its stake in shares of Orange by 23.7% in the fourth quarter. Pittenger & Anderson Inc. now owns 78,375 shares of the technology company’s stock worth $1,364,000 after buying an additional 15,000 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Orange in the fourth quarter worth $256,000. Elkfork Partners LLC bought a new stake in shares of Orange in the fourth quarter worth $388,000. Finally, Guggenheim Capital LLC increased its stake in shares of Orange by 9.5% in the fourth quarter. Guggenheim Capital LLC now owns 228,283 shares of the technology company’s stock worth $3,972,000 after buying an additional 19,784 shares during the last quarter. Institutional investors and hedge funds own 1.40% 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. It offers mobile, fixed-line telephony, fixed broadband, business solutions and networks, and carrier services; sells mobile devices, equipment, and accessories; and sells and rents fixed-line equipment.

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