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

Zacks Research cut shares of Orange (OTCMKTS:ORANY) from a hold rating to a strong sell rating in a research report released on Thursday morning,Zacks.com reports.

A number of other analysts have also weighed in on the company. Sanford C. Bernstein raised Orange to a “hold” rating in a research note on Tuesday, October 21st. Citigroup upgraded shares of Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Orange in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Orange Stock Up 0.9%

Shares of ORANY stock opened at $17.15 on Thursday. The business has a 50-day moving average of $16.42 and a 200 day moving average of $16.13. 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 has a 1-year low of $10.41 and a 1-year high of $17.22.

Orange Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd were issued a dividend of $0.2392 per share. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 395.0%.

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.