Orange (OTCMKTS:ORANY) Hits New 52-Week High – Still a Buy?

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Orange in a research report on Friday, January 16th. Zacks Research downgraded shares of Orange from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. Sanford C. Bernstein upgraded shares of Orange to a “hold” rating in a research report 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 investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Orange Price Performance

The stock has a 50 day moving average price of $16.51 and a two-hundred day moving average price of $16.19. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.89.

Orange Announces Dividend

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