Orange (NYSE:ORAN) Shares Down 1.7%

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

Wall Street Analysts Forecast Growth

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

Orange Trading Down 1.2 %

The company has a debt-to-equity ratio of 0.87, a current ratio of 0.94 and a quick ratio of 0.91. The stock has a 50-day simple moving average of $11.38 and a 200-day simple moving average of $11.23.

Institutional Investors Weigh In On Orange

Several institutional investors and hedge funds have recently made changes to their positions in ORAN. Thornburg Investment Management Inc. boosted its stake in Orange by 20.6% in the first quarter. Thornburg Investment Management Inc. now owns 909,419 shares of the technology company’s stock valued at $10,661,000 after acquiring an additional 155,549 shares during the period. Hantz Financial Services Inc. bought a new position in Orange during the 2nd quarter worth $1,411,000. Leo Wealth LLC acquired a new stake in Orange in the fourth quarter worth $1,225,000. American Century Companies Inc. lifted its stake in Orange by 6.2% in 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 last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Orange by 75.7% during the fourth quarter. BNP Paribas Financial Markets now owns 133,502 shares of the technology company’s stock valued at $1,526,000 after acquiring an additional 57,505 shares during the period.

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.