Orange (OTCMKTS:ORANY) Hits New 12-Month High – What’s Next?

Shares of Orange (OTCMKTS:ORANY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $18.69 and last traded at $18.65, with a volume of 121244 shares trading hands. The stock had previously closed at $18.14.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Zacks Research cut shares of Orange from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. Citigroup raised shares of Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. Sanford C. Bernstein raised Orange to a “hold” rating in a research report on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Orange in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Orange has an average rating of “Moderate Buy”.

Orange Stock Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.86 and a current ratio of 0.89. The business has a 50-day moving average of $16.71 and a two-hundred day moving average of $16.28.

Orange Dividend Announcement

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

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.