Orange (OTCMKTS:ORANY) Hits New 12-Month High – Here’s Why

Orange (OTCMKTS:ORANY)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $20.32 and last traded at $20.30, with a volume of 96167 shares. The stock had previously closed at $19.55.

Analysts Set New Price Targets

ORANY has been the subject of a number of research analyst reports. Zacks Research cut Orange from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. Sanford C. Bernstein upgraded Orange to a “hold” rating in a research report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Orange in a research report on Friday, January 16th. Finally, Citigroup raised Orange from a “hold” rating to a “buy” rating in a 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Orange Trading Up 4.5%

The business has a 50 day moving average of $17.19 and a two-hundred day moving average of $16.51. 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 Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 2nd were issued a dividend of $0.2392 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 395.0%.

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.