Orange (OTCMKTS:ORANY) Downgraded by Zacks Research to “Strong Sell”

Orange (OTCMKTS:ORANY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Orange in a report on Friday. Sanford C. Bernstein upgraded shares of Orange to a “hold” rating in a research note on Tuesday, October 21st. Finally, Citigroup upgraded shares of Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Orange presently has an average rating of “Moderate Buy”.

Orange Stock Performance

OTCMKTS ORANY opened at $17.15 on Thursday. The stock has a 50-day simple moving average of $16.42 and a 200 day simple moving average of $16.13. Orange has a twelve month low of $10.41 and a twelve month high of $17.22. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.89 and a quick ratio of 0.86.

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.