Orange (OTCMKTS:ORANY) Hits New 12-Month High – Time to Buy?

Orange (OTCMKTS:ORANY)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $17.1530 and last traded at $17.1530, with a volume of 50701 shares changing hands. The stock had previously closed at $16.89.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ORANY. Sanford C. Bernstein raised shares of Orange to a “hold” rating in a research note on Tuesday, October 21st. Citigroup raised Orange from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Orange Price Performance

The stock has a fifty day simple moving average of $16.31 and a 200 day simple moving average of $16.04. 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 business also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd were paid a $0.2392 dividend. The ex-dividend date was Monday, December 1st. This represents a dividend 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.