JPMorgan Chase & Co. assumed coverage on shares of Orange (NYSE:ORAN – Get Free Report) in a report released on Wednesday, MarketBeat reports. The firm set an “overweight” rating on the technology company’s stock.
Separately, StockNews.com raised Orange from a “hold” rating to a “buy” rating in a report on Monday, February 19th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Orange presently has an average rating of “Buy” and a consensus target price of $13.08.
View Our Latest Stock Report on ORAN
Orange Trading Up 1.3 %
Hedge Funds Weigh In On Orange
Several hedge funds and other institutional investors have recently bought and sold shares of ORAN. Morgan Stanley increased its position in shares of Orange by 8.2% in the third quarter. Morgan Stanley now owns 3,497,365 shares of the technology company’s stock valued at $40,185,000 after buying an additional 265,375 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Orange by 1,033.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,423,671 shares of the technology company’s stock valued at $4,613,000 after acquiring an additional 3,121,497 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Orange by 87.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,427,710 shares of the technology company’s stock worth $28,696,000 after acquiring an additional 1,131,285 shares during the last quarter. BlackRock Inc. raised its position in Orange by 6.0% during the second quarter. BlackRock Inc. now owns 1,984,688 shares of the technology company’s stock worth $23,102,000 after acquiring an additional 111,806 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Orange by 11.8% in the first quarter. Bank of America Corp DE now owns 1,855,799 shares of the technology company’s stock valued at $22,140,000 after purchasing an additional 196,445 shares in the last quarter.
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.
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