StockNews.com Begins Coverage on Orange (NYSE:ORAN)

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

Orange Price Performance

The company has a fifty day moving average price of $11.51 and a 200 day moving average price of $11.19. Orange has a 52-week low of $9.82 and a 52-week high of $12.41. The firm has a market cap of $29.63 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 0.73 and a beta of 0.22. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.87.

Hedge Funds Weigh In On Orange

A number of hedge funds and other institutional investors have recently made changes to their positions in ORAN. Brandes Investment Partners LP increased its position in shares of Orange by 2.8% in the 2nd quarter. Brandes Investment Partners LP now owns 1,757,008 shares of the technology company’s stock valued at $17,522,000 after buying an additional 48,093 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Orange by 6.2% in the second quarter. American Century Companies Inc. now owns 1,042,285 shares of the technology company’s stock worth $10,412,000 after acquiring an additional 60,606 shares in the last quarter. Thornburg Investment Management Inc. raised its position 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 worth $10,661,000 after purchasing an additional 155,549 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Orange by 13.7% during the 3rd quarter. QRG Capital Management Inc. now owns 328,431 shares of the technology company’s stock valued at $3,770,000 after purchasing an additional 39,672 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its position in shares of Orange by 3.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 322,110 shares of the technology company’s stock valued at $3,698,000 after purchasing an additional 11,722 shares during the period.

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.