Orange (OTCMKTS:ORANY) Sets New 12-Month High – Here’s What Happened

Orange (OTCMKTS:ORANY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $20.32 and last traded at $20.30, with a volume of 96167 shares. The stock had previously closed at $19.55.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Zacks Research cut Orange from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. Sanford C. Bernstein raised 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 report on Friday, January 16th. Finally, Citigroup raised Orange from a “hold” rating to a “buy” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Orange Trading Down 0.5%

The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $17.35 and a 200 day simple moving average of $16.56.

Orange Announces Dividend

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

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.