StockNews.com Upgrades Orange (NYSE:ORAN) to Strong-Buy

Orange (NYSE:ORAN) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Separately, New Street Research raised shares of Orange to a “strong-buy” rating in a research report on Monday, July 8th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $13.08.

Orange Stock Down 3.7 %

NYSE:ORAN traded down $0.41 during mid-day trading on Thursday, reaching $10.80. The company’s stock had a trading volume of 955,468 shares, compared to its average volume of 443,576. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.87. Orange has a 1 year low of $9.82 and a 1 year high of $12.41. The stock has a fifty day moving average of $11.54 and a 200-day moving average of $11.24. The firm has a market capitalization of $28.70 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 0.82 and a beta of 0.22.

Hedge Funds Weigh In On Orange

A number of large investors have recently added to or reduced their stakes in the company. Thornburg Investment Management Inc. grew its position in shares of Orange by 20.6% in the 1st quarter. Thornburg Investment Management Inc. now owns 909,419 shares of the technology company’s stock worth $10,661,000 after buying an additional 155,549 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in Orange in the second quarter valued at approximately $1,411,000. Leo Wealth LLC acquired a new position in shares of Orange during the fourth quarter worth $1,225,000. American Century Companies Inc. lifted its holdings in shares of Orange by 6.2% during the 2nd quarter. American Century Companies Inc. now owns 1,042,285 shares of the technology company’s stock valued at $10,412,000 after purchasing an additional 60,606 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in shares of Orange by 2.8% in the 2nd quarter. Brandes Investment Partners LP now owns 1,757,008 shares of the technology company’s stock worth $17,522,000 after purchasing an additional 48,093 shares in the last quarter.

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.