Orange (OTCMKTS:ORANY) Sets New 1-Year High – Here’s Why

Orange (OTCMKTS:ORANY) shares reached a new 52-week high on Thursday . The company traded as high as $17.51 and last traded at $17.50, with a volume of 2747 shares trading hands. The stock had previously closed at $17.22.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ORANY shares. Zacks Research lowered shares of Orange from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. Citigroup raised Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. Sanford C. Bernstein raised Orange to a “hold” rating in a report on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Orange in a research note on Friday, January 16th. One equities research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Orange Stock Performance

The business has a fifty day moving average of $16.46 and a 200-day moving average of $16.16. 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 Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd were given a $0.2392 dividend. 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.