Orange (OTCMKTS:ORANY) Reaches New 1-Year High – Here’s Why

Orange (OTCMKTS:ORANY) reached a new 52-week high on Tuesday . The stock traded as high as $18.90 and last traded at $18.8774, with a volume of 342883 shares trading hands. The stock had previously closed at $18.78.

Analysts Set New Price Targets

Several analysts have weighed in on ORANY shares. Citigroup raised Orange from a “hold” rating to a “buy” rating in a report on Tuesday, January 6th. Sanford C. Bernstein upgraded shares of Orange to a “hold” rating in a research report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Orange in a research note on Friday, January 16th. Finally, Zacks Research cut shares of Orange from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Orange currently has a consensus rating of “Moderate Buy”.

Orange Stock Performance

The stock’s fifty day simple moving average is $16.82 and its 200-day simple moving average is $16.34. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.89.

Orange Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 2nd were given a dividend of $0.2392 per share. The ex-dividend date was Monday, December 1st. This represents a yield of 395.0%.

Orange Company Profile

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.