Orange (OTCMKTS:ORANY) Shares Gap Up – Here’s Why

Orange (OTCMKTS:ORANYGet Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $18.63, but opened at $19.5920. Orange shares last traded at $19.61, with a volume of 3,269 shares trading hands.

Analyst Ratings Changes

ORANY has been the topic of several research analyst reports. Kepler Capital Markets upgraded shares of Orange from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. The Goldman Sachs Group upgraded shares of Orange from a “hold” rating to a “buy” rating in a research note on Tuesday, May 5th. Zacks Research raised Orange from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Orange in a report on Thursday, June 18th. Finally, Citigroup restated a “buy” rating on shares of Orange in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Orange presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Orange

Orange Stock Up 4.9%

The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. The company’s fifty day simple moving average is $19.55 and its two-hundred day simple moving average is $19.78.

About Orange

(Get Free Report)

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.

Further Reading

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