Orange SA (NYSE:ORAN) receives an average target price of $9.50 from brokers
Shares of Orange SA (NYSE:ORAN – Get Rating) earned a consensus rating of “Hold” from the thirteen analysts who currently cover the company, MarketBeat reports. One analyst rated the stock with a sell rating, ten gave the company a hold rating and one gave the company a buy rating. The 12-month average price target among analysts who have rated the stock over the past year is $9.50.
Several stock analysts have weighed in on the company recently. Argus upgraded Orange from a ‘buy’ rating to a ‘hold’ rating in a Thursday, January 20 report. Zacks Investment Research upgraded Orange from a “sell” rating to a “hold” rating in a report released on Friday. Barclays lowered its price target on Orange from €10.00 ($10.99) to €9.00 ($9.89) in a Friday, April 1 report. StockNews.com launched coverage on Orange in a report on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, the Goldman Sachs group downgraded Orange from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 18.
Major investors have recently been buying and selling shares of the company. StoneX Group Inc. acquired a new stake in Orange in Q3 for a value of $6,652,000. Thornburg Investment Management Inc. increased its stake in Orange by 440.3% in the 4th quarter. Thornburg Investment Management Inc. now owns 685,211 shares of the technology company worth $7,229,000 after buying an additional 558,379 shares last quarter. Millennium Management LLC increased its stake in Orange by 205.6% in the third quarter. Millennium Management LLC now owns 635,238 shares of the technology company worth $6,880,000 after buying an additional 427,405 shares last quarter. Goldman Sachs Group Inc. increased its stake in Orange by 40.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,296,425 shares of the technology company worth $13,677,000 after buying an additional 374,350 shares last quarter. Finally, Barclays PLC increased its stake in Orange by 154.9% in the 4th quarter. Barclays PLC now owns 556,233 shares of the technology company worth $5,869,000 after buying 338,035 additional shares last quarter. Hedge funds and other institutional investors own 0.90% of the company’s shares.
Shares of NYSE ORAN were up $0.08 at midday Friday, hitting $11.99. 462,200 shares of the stock have been traded, compared to its average volume of 600,822. The company has a 50-day moving average of $11.92 and a two-hundred-day moving average of $11.26. The company has a debt ratio of 0.91, a current ratio of 0.95 and a quick ratio of 0.91. Orange has a one-year low of $9.85 and a one-year high of $13.09.
Orange company profile (Get an assessment)
Orange SA provides various fixed telephony and mobile telecommunications services, data transmission and other value-added services to customers, businesses and other telecommunications operators in France and internationally. It operates across France; Spain and other European countries; Africa and the Middle East; Business; International carriers and shared services; and mobile financial services segments.
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