Orange (NYSE:ORAN) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Orange (NYSE:ORAN) in a research note published on Thursday morning. The firm issued a strong-buy rating on the technology company’s stock.

Orange Stock Performance

The stock has a market cap of $29.63 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.73 and a beta of 0.22. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average of $11.51 and a 200 day moving average of $11.19. Orange has a 1-year low of $9.82 and a 1-year high of $12.41.

Institutional Investors Weigh In On Orange

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brandes Investment Partners LP boosted its stake in shares of Orange by 2.8% during 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 during the period. American Century Companies Inc. boosted its position in shares of Orange by 6.2% during the second quarter. American Century Companies Inc. now owns 1,042,285 shares of the technology company’s stock valued at $10,412,000 after buying an additional 60,606 shares during the period. Thornburg Investment Management Inc. grew its stake in shares of Orange by 20.6% during the first 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. QRG Capital Management Inc. raised its holdings in shares of Orange by 13.7% in the third quarter. QRG Capital Management Inc. now owns 328,431 shares of the technology company’s stock worth $3,770,000 after buying an additional 39,672 shares during the period. Finally, Bleakley Financial Group LLC lifted its stake in shares of Orange by 3.8% during the 3rd quarter. Bleakley Financial Group LLC now owns 322,110 shares of the technology company’s stock worth $3,698,000 after acquiring an additional 11,722 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.