Oppenheimer Asset Management Inc. Boosts Position in Orange S.A. (NYSE:ORAN)

Oppenheimer Asset Management Inc. lifted its position in Orange S.A. (NYSE:ORAN) by 12.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,702 shares of the technology company’s stock after purchasing an additional 7,551 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Orange were worth $676,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORAN. BNP Paribas Financial Markets grew its position in Orange by 75.7% in the fourth quarter. BNP Paribas Financial Markets now owns 133,502 shares of the technology company’s stock worth $1,526,000 after acquiring an additional 57,505 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Orange by 7.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,989 shares of the technology company’s stock worth $240,000 after purchasing an additional 1,380 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Orange by 18.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 46,681 shares of the technology company’s stock worth $534,000 after purchasing an additional 7,161 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Orange by 11.2% in the 4th quarter. D.A. Davidson & CO. now owns 104,288 shares of the technology company’s stock valued at $1,192,000 after buying an additional 10,512 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Orange by 13.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,277 shares of the technology company’s stock valued at $95,000 after buying an additional 965 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have weighed in on ORAN. Sanford C. Bernstein assumed coverage on shares of Orange in a research report on Friday, May 24th. They set an “outperform” rating for the company. New Street Research upgraded shares of Orange to a “strong-buy” rating in a report on Monday, July 8th. Finally, StockNews.com raised Orange from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $13.08.

Orange Trading Up 0.6 %

NYSE:ORAN opened at $12.11 on Friday. The firm has a market cap of $32.18 billion, a P/E ratio of 9.54, a PEG ratio of 0.81 and a beta of 0.22. The stock’s 50 day simple moving average is $11.43 and its 200-day simple moving average is $11.24. 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 S.A. has a 12-month low of $9.82 and a 12-month high of $12.41.

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.