Comerica Bank Cuts Holdings in Orange SA (NYSE:ORAN)

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Comerica Bank trimmed its holdings in shares of Orange SA (NYSE:ORAN) by 18.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 139,995 shares of the technology company’s stock after selling 31,132 shares during the period. Comerica Bank’s holdings in Orange were worth $2,289,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wetherby Asset Management Inc. boosted its stake in shares of Orange by 3.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 23,044 shares of the technology company’s stock worth $363,000 after buying an additional 789 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Orange by 9.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,278 shares of the technology company’s stock valued at $224,000 after purchasing an additional 1,279 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Orange by 4.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 31,661 shares of the technology company’s stock valued at $497,000 after purchasing an additional 1,325 shares in the last quarter. FDx Advisors Inc. lifted its position in Orange by 13.7% during the second quarter. FDx Advisors Inc. now owns 11,556 shares of the technology company’s stock valued at $182,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Orange by 27.3% during the second quarter. Signaturefd LLC now owns 6,826 shares of the technology company’s stock valued at $107,000 after purchasing an additional 1,463 shares in the last quarter. Institutional investors and hedge funds own 1.09% of the company’s stock.

Several equities analysts recently weighed in on ORAN shares. New Street Research upgraded Orange from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. downgraded Orange from an “overweight” rating to a “neutral” rating in a research report on Monday, September 9th. Zacks Investment Research upgraded Orange from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday. Cfra reiterated a “hold” rating and set a $16.00 target price on shares of Orange in a research report on Wednesday. Finally, ValuEngine upgraded Orange from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $17.00.

NYSE ORAN opened at $15.89 on Thursday. The company has a market capitalization of $42.08 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.28 and a beta of 0.38. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.79. The business’s fifty day moving average is $15.97 and its 200 day moving average is $15.45. Orange SA has a fifty-two week low of $14.57 and a fifty-two week high of $17.06.

About Orange

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. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.

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Institutional Ownership by Quarter for Orange (NYSE:ORAN)

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