Orange (OTCMKTS:ORANY) Raised to “Hold” at Zacks Research

Orange (OTCMKTS:ORANY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently weighed in on the stock. Kepler Capital Markets downgraded shares of Orange from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. The Goldman Sachs Group upgraded shares of Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, May 5th. Citigroup restated a “buy” rating on shares of Orange in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Orange in a research note on Monday, February 23rd. Finally, New Street Research cut Orange from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Orange Stock Down 1.9%

Shares of Orange stock opened at $20.14 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. Orange has a 12-month low of $14.23 and a 12-month high of $21.85. The firm’s 50-day moving average price is $20.89 and its two-hundred day moving average price is $19.17.

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.