Orange (OTCMKTS:ORANY) Cut to Strong Sell at Zacks Research

Orange (OTCMKTS:ORANY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Sanford C. Bernstein upgraded Orange to a “hold” rating in a report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Orange in a research report on Friday. Finally, Citigroup raised shares of Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Orange has a consensus rating of “Moderate Buy”.

Orange Stock Performance

ORANY opened at $17.15 on Thursday. The stock has a fifty day moving average price of $16.42 and a 200 day moving average price of $16.13. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.89 and a quick ratio of 0.86. Orange has a 1 year low of $10.41 and a 1 year high of $17.22.

About Orange

Orange SA, commonly known as Orange, is a multinational telecommunications operator headquartered in Paris, France. The company has its roots in the former state-owned France Télécom and later consolidated its international operations under the Orange brand. Orange provides a wide range of connectivity and communications services and maintains a significant presence across Europe, and in many countries in Africa and the Middle East, serving both consumer and business customers.

Orange’s core activities include mobile and fixed-line telephony, broadband and fiber internet access, and television services for retail customers.