Orange (OTCMKTS:ORANY) Reaches New 52-Week High – Should You Buy?

Orange (OTCMKTS:ORANY)’s stock price hit a new 52-week high during trading 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 issued reports on ORANY shares. Zacks Research cut Orange from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Orange in a report on Monday. Finally, Citigroup upgraded Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Orange Stock Up 1.7%

The firm has a fifty day moving average of $18.29 and a 200-day moving average of $16.91. The company has a current ratio of 0.89, a quick ratio of 0.86 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.