Brandes Investment Partners LP Purchases 48,093 Shares of Orange S.A. (NYSE:ORAN)

Brandes Investment Partners LP boosted its position in Orange S.A. (NYSE:ORAN) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,757,008 shares of the technology company’s stock after acquiring an additional 48,093 shares during the period. Brandes Investment Partners LP’s holdings in Orange were worth $17,522,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of Orange by 25.6% in the 2nd quarter. Creative Planning now owns 79,077 shares of the technology company’s stock valued at $790,000 after purchasing an additional 16,113 shares during the period. AQR Capital Management LLC boosted its holdings in Orange by 216.3% during the second quarter. AQR Capital Management LLC now owns 50,904 shares of the technology company’s stock worth $509,000 after buying an additional 34,812 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Orange by 53.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 75,709 shares of the technology company’s stock worth $756,000 after buying an additional 26,527 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Orange by 12.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 67,702 shares of the technology company’s stock worth $676,000 after buying an additional 7,551 shares during the period. Finally, SYM FINANCIAL Corp bought a new stake in shares of Orange in the 2nd quarter valued at about $122,000.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ORAN shares. StockNews.com raised shares of Orange from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. New Street Research raised shares of Orange to a “strong-buy” rating in a research report on Monday, July 8th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $13.08.

Orange Price Performance

Shares of ORAN opened at $11.65 on Monday. The stock has a 50 day simple moving average of $11.52 and a 200 day simple moving average of $11.25. Orange S.A. has a 52-week low of $9.82 and a 52-week high of $12.41. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.94. The firm has a market capitalization of $30.96 billion, a PE ratio of 9.17, a P/E/G ratio of 0.82 and a beta of 0.22.

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.