Commonwealth Equity Services LLC Cuts Holdings in Orange S.A. (NYSE:ORAN)

Commonwealth Equity Services LLC reduced its position in Orange S.A. (NYSE:ORAN) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,977 shares of the technology company’s stock after selling 2,177 shares during the period. Commonwealth Equity Services LLC’s holdings in Orange were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORAN. Thornburg Investment Management Inc. raised its stake in Orange by 20.6% during the first quarter. Thornburg Investment Management Inc. now owns 909,419 shares of the technology company’s stock valued at $10,661,000 after purchasing an additional 155,549 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Orange during the 2nd quarter valued at about $1,411,000. Leo Wealth LLC purchased a new stake in shares of Orange during the 4th quarter valued at about $1,225,000. BNP Paribas Financial Markets lifted its holdings in shares of Orange by 75.7% in the 4th quarter. BNP Paribas Financial Markets now owns 133,502 shares of the technology company’s stock valued at $1,526,000 after acquiring an additional 57,505 shares during the last quarter. Finally, Simplicity Wealth LLC grew its position in Orange by 16.6% in the second quarter. Simplicity Wealth LLC now owns 310,388 shares of the technology company’s stock worth $3,101,000 after acquiring an additional 44,290 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have commented on ORAN. New Street Research raised shares of Orange to a “strong-buy” rating in a research note on Monday, July 8th. StockNews.com upgraded shares of Orange from a “hold” rating to a “buy” rating in a report on Friday, July 26th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $13.08.

Orange Trading Up 0.6 %

Shares of NYSE ORAN opened at $12.11 on Monday. The business has a fifty day moving average price of $11.43 and a 200 day moving average price of $11.23. 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 current ratio of 0.94 and a quick ratio of 0.91. The stock has a market capitalization of $32.18 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.81 and a beta of 0.22.

About Orange

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.