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

Shares of Orange (OTCMKTS:ORANY) reached 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 changing hands. The stock had previously closed at $21.09.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ORANY shares. Zacks Research lowered shares of Orange from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Citigroup raised shares of Orange from a “hold” rating to a “buy” rating in a report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Orange in a research note on Monday, February 23rd. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Orange Price Performance

The company’s fifty day moving average price is $18.39 and its 200-day moving average price is $16.95. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.89.

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.