Orange (OTCMKTS:ORANY) Hits New 52-Week High - Still a Buy?

Key Points

• Orange (OTCMKTS:ORANY) shares reached a new 52-week high at $16.52, with a trading volume of 173,600 shares.
• Recent analyst reports show mixed reactions, with Goldman Sachs upgrading the stock to a "hold" while Wall Street Zen downgraded it to the same rating, and Berenberg Bank raised it to a "strong-buy".
• Orange declared a dividend of $0.37 per share, reflecting a yield of 407.0%, with the ex-dividend date set for June 2nd.

Orange (OTCMKTS:ORANY - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $16.52 and last traded at $16.52, with a volume of 173600 shares trading hands. The stock had previously closed at $16.46.

Analyst Upgrades and Downgrades

ORANY has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of Orange from a "strong sell" rating to a "hold" rating in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of Orange from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Berenberg Bank raised shares of Orange to a "strong-buy" rating in a research note on Thursday, June 26th.

Orange Price Performance

The stock's 50 day moving average is $15.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.86 and a current ratio of 0.89.

Orange Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.37 per share. This represents a yield of 407.0%. The ex-dividend date was Monday, June 2nd.

About Orange

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. It operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; International Carriers & Shared Services; and Mobile Financial Services segments.

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