Tower Research Capital LLC TRC purchased a new stake in Orange SA (NYSE:ORAN) during the 2nd quarter, Holdings Channel reports. The firm purchased 7,962 shares of the technology company’s stock, valued at approximately $133,000.
A number of other hedge funds have also modified their holdings of ORAN. Millennium Management LLC increased its stake in Orange by 731.4% in the 1st quarter. Millennium Management LLC now owns 479,778 shares of the technology company’s stock valued at $8,195,000 after buying an additional 422,072 shares during the last quarter. Bank of America Corp DE increased its stake in Orange by 5.9% in the 2nd quarter. Bank of America Corp DE now owns 5,916,094 shares of the technology company’s stock valued at $98,621,000 after buying an additional 330,125 shares during the last quarter. Morgan Stanley increased its stake in Orange by 11.6% in the 2nd quarter. Morgan Stanley now owns 2,476,438 shares of the technology company’s stock valued at $41,282,000 after buying an additional 257,097 shares during the last quarter. Freestone Capital Holdings LLC acquired a new stake in Orange in the 1st quarter valued at $3,837,000. Finally, Wells Fargo & Company MN increased its stake in Orange by 10.6% in the 1st quarter. Wells Fargo & Company MN now owns 1,079,528 shares of the technology company’s stock valued at $18,438,000 after buying an additional 103,793 shares during the last quarter. Hedge funds and other institutional investors own 1.43% of the company’s stock.
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Orange from a “sell” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, September 26th. Argus assumed coverage on shares of Orange in a research report on Monday, July 16th. They issued a “buy” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Orange has an average rating of “Hold” and an average price target of $18.50.
Shares of ORAN opened at $15.64 on Tuesday. Orange SA has a one year low of $15.67 and a one year high of $18.57. The stock has a market capitalization of $42.27 billion, a PE ratio of 22.34, a PEG ratio of 0.51 and a beta of 0.54. 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 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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