New Street Research Downgrades Orange (OTCMKTS:ORANY) to Hold

Orange (OTCMKTS:ORANY) was downgraded by stock analysts at New Street Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts have also weighed in on ORANY. Zacks Research lowered Orange from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. Kepler Capital Markets downgraded shares of Orange from a “strong-buy” rating to a “hold” rating in a research note on Monday. Citigroup upgraded shares of Orange from a “hold” rating to a “buy” rating in a report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Orange in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Orange has a consensus rating of “Hold”.

Orange Stock Down 0.3%

ORANY opened at $19.72 on Thursday. The stock’s 50 day simple moving average is $19.04 and its 200 day simple moving average is $17.16. 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 has a 1 year low of $12.49 and a 1 year high of $21.47.

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.