Orange (NYSE:ORAN) Downgraded by StockNews.com

Orange (NYSE:ORAN) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, JPMorgan Chase & Co. started coverage on Orange in a research note on Wednesday, April 17th. They issued an “overweight” rating for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Orange has an average rating of “Moderate Buy” and a consensus target price of $13.08.

Orange Price Performance

Shares of NYSE ORAN traded down $0.11 during midday trading on Friday, hitting $11.13. 711,720 shares of the company’s stock were exchanged, compared to its average volume of 311,782. The business’s fifty day moving average price is $11.50 and its two-hundred day moving average price is $11.68. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 0.88. Orange has a 12-month low of $10.97 and a 12-month high of $13.08.

Institutional Trading of Orange

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Orange in the first quarter valued at approximately $39,000. New York State Common Retirement Fund bought a new stake in Orange in the third quarter valued at approximately $40,000. CWM LLC lifted its position in Orange by 53.1% in the fourth quarter. CWM LLC now owns 3,586 shares of the technology company’s stock valued at $41,000 after purchasing an additional 1,244 shares during the last quarter. GAMMA Investing LLC lifted its position in Orange by 118.2% in the first 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 last quarter. Finally, Tucker Asset Management LLC bought a new stake in Orange in the fourth quarter valued at approximately $76,000.

Orange Company 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.