Orange (OTCMKTS:ORANY) Shares Gap Down – Here’s What Happened

Orange (OTCMKTS:ORANY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $18.66, but opened at $17.37. Orange shares last traded at $17.35, with a volume of 16,509 shares changing hands.

Analysts Set New Price Targets

ORANY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Orange in a report on Thursday, June 18th. 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 reaffirmed a “buy” rating on shares of Orange in a research note on Thursday, May 7th. Zacks Research upgraded shares of Orange from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Kepler Capital Markets raised shares of Orange from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Orange Stock Down 4.5%

The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.84 and a current ratio of 0.87. The business has a 50-day moving average price of $18.74 and a two-hundred day moving average price of $19.96.

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.