November 9, 2019 at 6:21 am

Orange SA (NYSE:ORAN) Shares Sold by BB&T Corp

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BB&T Corp decreased its stake in shares of Orange SA (NYSE:ORAN) by 54.0% during the third quarter, HoldingsChannel reports. The firm owned 44,767 shares of the technology company’s stock after selling 52,559 shares during the quarter. BB&T Corp’s holdings in Orange were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

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A number of other institutional investors also recently modified their holdings of the business. Comerica Bank boosted its holdings in shares of Orange by 2.6% in the 2nd quarter. Comerica Bank now owns 171,127 shares of the technology company’s stock valued at $2,555,000 after acquiring an additional 4,311 shares during the last quarter. NEXT Financial Group Inc boosted its holdings in shares of Orange by 226.6% in the 2nd quarter. NEXT Financial Group Inc now owns 2,162 shares of the technology company’s stock valued at $34,000 after acquiring an additional 1,500 shares during the last quarter. SRS Capital Advisors Inc. purchased a new stake in shares of Orange in the 2nd quarter valued at $35,000. Eqis Capital Management Inc. boosted its holdings in shares of Orange by 103.9% in the 2nd quarter. Eqis Capital Management Inc. now owns 22,421 shares of the technology company’s stock valued at $352,000 after acquiring an additional 11,423 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Orange by 8.7% in the 2nd quarter. Morgan Stanley now owns 4,412,680 shares of the technology company’s stock valued at $69,367,000 after acquiring an additional 355,040 shares during the last quarter. Institutional investors and hedge funds own 1.09% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Orange from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. ValuEngine raised shares of Orange from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. downgraded shares of Orange from an “overweight” rating to a “neutral” rating in a report on Monday, September 9th. Finally, New Street Research raised shares of Orange from a “neutral” rating to a “buy” rating in a report on Wednesday, September 11th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Orange presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Shares of NYSE ORAN opened at $15.82 on Friday. The company’s fifty day moving average price is $15.95 and its 200 day moving average price is $15.45. Orange SA has a 1 year low of $14.57 and a 1 year high of $17.06. The company has a market capitalization of $42.24 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.29 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.

Orange Profile

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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