Bank of New York Mellon Corp Buys 16,614 Shares of Orange S.A. (NYSE:ORAN)

Bank of New York Mellon Corp increased its holdings in shares of Orange S.A. (NYSE:ORAN) by 25.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,050 shares of the technology company’s stock after acquiring an additional 16,614 shares during the quarter. Bank of New York Mellon Corp’s holdings in Orange were worth $810,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Orange during the first quarter worth $39,000. GAMMA Investing LLC grew its stake in shares of Orange by 118.2% in the 1st quarter. GAMMA Investing LLC now owns 3,662 shares of the technology company’s stock valued at $43,000 after buying an additional 1,984 shares during the period. Mather Group LLC. bought a new stake in shares of Orange during the second quarter valued at approximately $60,000. Tucker Asset Management LLC bought a new position in shares of Orange in the fourth quarter valued at $76,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Orange by 13.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,277 shares of the technology company’s stock valued at $95,000 after purchasing an additional 965 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ORAN shares. New Street Research raised Orange to a “strong-buy” rating in a research report on Monday, July 8th. StockNews.com upgraded Orange from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Orange currently has a consensus rating of “Buy” and a consensus target price of $13.08.

Orange Price Performance

Shares of Orange stock opened at $12.11 on Monday. The company has a market cap of $32.18 billion, a PE ratio of 9.54, a P/E/G ratio of 0.81 and a beta of 0.22. The business has a 50 day moving average of $11.43 and a 200 day moving average of $11.23. Orange S.A. has a 52 week low of $9.82 and a 52 week high of $12.41. 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 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.