Orange (OTCMKTS:ORANY) Sets New 52-Week High – Still a Buy?

Shares of Orange (OTCMKTS:ORANY) hit a new 52-week high on Friday . The company traded as high as $21.46 and last traded at $21.40, with a volume of 57790 shares traded. The stock had previously closed at $21.09.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ORANY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Orange in a report on Monday. Citigroup raised Orange from a “hold” rating to a “buy” rating in a research note on Tuesday, January 6th. Finally, Zacks Research lowered 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 given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Orange presently has a consensus rating of “Moderate Buy”.

Orange Trading Up 1.7%

The company’s 50 day simple moving average is $18.29 and its 200-day simple moving average is $16.91. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.86 and a current ratio of 0.89.

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.