Berenberg Bank Initiates Coverage on Orange SA (ORAN)

Berenberg Bank Initiates Coverage on Orange SA (ORAN)

Berenberg Bank began coverage on shares of Orange SA (NASDAQ:ORAN) in a report published on Monday morning. The brokerage issued a hold rating on the stock.

ORAN has been the subject of several other reports. HSBC Holdings plc cut Orange SA from a buy rating to a hold rating and set a $16.00 price objective for the company. in a research report on Monday, October 3rd. Credit Suisse Group raised Orange SA from a neutral rating to an outperform rating in a research report on Tuesday, September 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $16.00.

Orange SA (NASDAQ:ORAN) opened at 15.56 on Monday. The company has a market capitalization of $41.38 billion and a P/E ratio of 8.49. Orange SA has a 12 month low of $13.98 and a 12 month high of $18.32. The firm has a 50-day moving average price of $15.16 and a 200 day moving average price of $15.22.

The business also recently declared a dividend, which was paid on Wednesday, December 28th. Investors of record on Friday, December 2nd were given a dividend of $0.135 per share. The ex-dividend date was Wednesday, November 30th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brandes Investment Partners LP boosted its position in shares of Orange SA by 22.0% in the third quarter. Brandes Investment Partners LP now owns 3,157,365 shares of the company’s stock valued at $49,192,000 after buying an additional 569,253 shares during the period. Jane Street Group LLC acquired a new stake in Orange SA during the third quarter worth about $6,939,000. Morgan Stanley boosted its stake in Orange SA by 14.3% in the third quarter. Morgan Stanley now owns 3,249,301 shares of the company’s stock worth $50,624,000 after buying an additional 406,710 shares during the last quarter. Cambiar Investors LLC boosted its stake in Orange SA by 3.4% in the third quarter. Cambiar Investors LLC now owns 6,288,266 shares of the company’s stock worth $97,971,000 after buying an additional 208,833 shares during the last quarter. Finally, OLD Mission Capital LLC boosted its stake in Orange SA by 1,371.9% in the third quarter. OLD Mission Capital LLC now owns 202,323 shares of the company’s stock worth $3,207,000 after buying an additional 188,577 shares during the last quarter.

Orange SA Company Profile

Orange SA is a telecommunications operator. The Company also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s segments include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services.

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