Orange (OTCMKTS:ORANY) Sets New 52-Week High – Time to Buy?

Orange (OTCMKTS:ORANY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.30 and last traded at $21.27, with a volume of 86251 shares. The stock had previously closed at $20.08.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citigroup raised shares of Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Orange in a report on Friday, January 16th. Finally, Zacks Research downgraded Orange from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Orange presently has an average rating of “Moderate Buy”.

Orange Price Performance

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 company has a fifty day moving average of $17.90 and a 200 day moving average of $16.77.

Orange Dividend Announcement

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

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.