Orange (OTCMKTS:ORANY) Shares Gap Up – Time to Buy?

Orange (OTCMKTS:ORANY)’s share price 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 traded.

Wall Street Analysts Forecast Growth

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

Orange Stock Up 1.3%

The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.09 and a current ratio of 0.87. The business has a 50 day moving average price of $19.47 and a 200-day moving average price of $19.82.

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.