Orange (ORAN) Lifted to Hold at Zacks Investment Research

Orange (NYSE:ORAN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Orange SA provides telecommunications services. It offers a range of fixed telephony and mobile telecommunications, data transmission, Internet and multimedia, and other value-added services to consumers, businesses, and other telecommunications operators under the Orange brand worldwide. Orange SA, formerly known as France Telecom S.A., is based in Paris, France. “

Shares of NYSE:ORAN opened at $15.63 on Wednesday. The company has a market capitalization of $42.14 billion, a P/E ratio of 22.33, a P/E/G ratio of 0.52 and a beta of 0.52. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 0.88. Orange has a one year low of $15.34 and a one year high of $18.57.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Hawaiian Bank acquired a new stake in shares of Orange during the third quarter worth $111,000. Tower Research Capital LLC TRC acquired a new stake in Orange in the second quarter worth $133,000. FDx Advisors Inc. acquired a new stake in Orange in the third quarter worth $161,000. Dynamic Technology Lab Private Ltd acquired a new stake in Orange in the third quarter worth $167,000. Finally, Paloma Partners Management Co acquired a new stake in Orange in the third quarter worth $169,000.

Orange Company Profile

Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. It offers mobile, fixed-line telephony, fixed broadband, business solutions and networks, and carrier services; sells mobile devices, equipment, and accessories; and sells and rents fixed-line equipment.

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