Orange (NYSE:ORAN) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Orange (NYSE:ORAN) from a hold rating to a buy rating in a report published on Saturday morning, Zacks.com reports. They currently have $17.00 target price on the technology company’s stock.

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. “

A number of other research firms have also commented on ORAN. Morgan Stanley set a $14.00 price target on Secureworks and gave the company a hold rating in a research report on Thursday, June 6th. Berenberg Bank upgraded easyJet to a hold rating in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Orange has an average rating of Buy and a consensus target price of $18.00.

NYSE ORAN opened at $14.98 on Friday. The company has a 50-day moving average of $15.51. Orange has a 12 month low of $14.84 and a 12 month high of $17.17. The company has a market cap of $39.98 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.04 and a beta of 0.41. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.72 and a quick ratio of 0.69.

The firm also recently disclosed a semiannual dividend, which was paid on Thursday, June 27th. Stockholders of record on Monday, June 3rd were paid a $0.4471 dividend. This represents a dividend yield of 3.81%. This is an increase from Orange’s previous semiannual dividend of $0.34. The ex-dividend date of this dividend was Friday, May 31st. Orange’s payout ratio is currently 98.63%.

Several large investors have recently made changes to their positions in ORAN. Liberty Wealth Management LLC acquired a new position in Orange during the 4th quarter worth approximately $25,000. Zions Bancorporation N.A. acquired a new position in Orange during the 1st quarter worth approximately $45,000. Covenant Multifamily Offices LLC acquired a new position in Orange during the 1st quarter worth approximately $48,000. Private Capital Group LLC raised its stake in Orange by 45.0% during the 1st quarter. Private Capital Group LLC now owns 3,469 shares of the technology company’s stock worth $57,000 after buying an additional 1,076 shares during the period. Finally, Vigilant Capital Management LLC acquired a new position in Orange during the 1st quarter worth approximately $72,000. 1.46% of the stock is currently owned by institutional investors.

About Orange

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.

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