Orange (NYSE:ORAN) Trading Down 1.7%

Shares of Orange S.A. (NYSE:ORAN) traded down 1.7% during mid-day trading on Thursday . The company traded as low as $11.95 and last traded at $11.98. 75,418 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 434,999 shares. The stock had previously closed at $12.19.

Analyst Ratings Changes

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

Orange Stock Performance

The business has a 50 day moving average price of $11.43 and a 200 day moving average price of $11.24. The stock has a market capitalization of $32.18 billion, a PE ratio of 9.54, a PEG ratio of 0.81 and a beta of 0.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.94 and a quick ratio of 0.91.

Institutional Trading of Orange

A number of large investors have recently made changes to their positions in ORAN. Thornburg Investment Management Inc. raised its stake in Orange by 20.6% during the 1st quarter. Thornburg Investment Management Inc. now owns 909,419 shares of the technology company’s stock valued at $10,661,000 after buying an additional 155,549 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Orange in the second quarter valued at about $1,411,000. Leo Wealth LLC purchased a new position in Orange in the fourth quarter worth about $1,225,000. American Century Companies Inc. grew its stake 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 period. Finally, BNP Paribas Financial Markets increased its position in shares of Orange by 75.7% during the 4th quarter. BNP Paribas Financial Markets now owns 133,502 shares of the technology company’s stock valued at $1,526,000 after purchasing an additional 57,505 shares during 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.