Orange (NYSE:ORAN) Sets New 12-Month Low at $10.86

Orange S.A. (NYSE:ORANGet Free Report) reached a new 52-week low on Friday . The company traded as low as $10.86 and last traded at $10.88, with a volume of 2179535 shares. The stock had previously closed at $11.41.

Analysts Set New Price Targets

Several analysts have commented on the company. JPMorgan Chase & Co. initiated coverage on Orange in a report on Wednesday, April 17th. They issued an “overweight” rating on the stock. Sanford C. Bernstein assumed coverage on shares of Orange in a research report on Friday, May 24th. They set an “outperform” rating for the company. Finally, StockNews.com cut shares of Orange from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.08.

Check Out Our Latest Research Report on ORAN

Orange Trading Down 4.6 %

The company’s 50 day moving average price is $11.43 and its two-hundred day moving average price is $11.63. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.83 and a quick ratio of 0.79.

Orange Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.4523 per share. The ex-dividend date is Monday, June 3rd. This is an increase from Orange’s previous semi-annual dividend of $0.32. This represents a yield of 5.1%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Managed Asset Portfolios LLC lifted its stake in shares of Orange by 15.3% in the 3rd quarter. Managed Asset Portfolios LLC now owns 1,852,663 shares of the technology company’s stock valued at $21,287,000 after purchasing an additional 245,958 shares during the last quarter. Brandes Investment Partners LP boosted its stake in Orange by 60.7% during the fourth quarter. Brandes Investment Partners LP now owns 1,642,782 shares of the technology company’s stock worth $18,777,000 after buying an additional 620,438 shares during the period. Thornburg Investment Management Inc. increased 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 valued at $10,661,000 after acquiring an additional 155,549 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Orange by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 827,488 shares of the technology company’s stock valued at $9,508,000 after acquiring an additional 59,052 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of Orange by 7.2% in the 3rd quarter. LPL Financial LLC now owns 378,199 shares of the technology company’s stock worth $4,346,000 after acquiring an additional 25,552 shares during the last quarter.

Orange Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Orange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orange and related companies with MarketBeat.com's FREE daily email newsletter.