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

Key Points

• Orange's share price reached a new 52-week high at $16.23, with a last trading price of $16.15.
• Analysts have mixed opinions, with Goldman Sachs upgrading Orange to a "hold" rating, while Wall Street Zen lowered its rating to "hold."
• The company announced a dividend of $0.37 per share, resulting in an impressive dividend yield of 407.0%.

Orange (OTCMKTS:ORANY - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $16.23 and last traded at $16.15, with a volume of 141743 shares changing hands. The stock had previously closed at $15.97.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ORANY shares. 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 cut shares of Orange from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Berenberg Bank upgraded shares of Orange to a "strong-buy" rating in a research report on Thursday, June 26th.

Orange Price Performance

The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.89. The stock's 50-day moving average is $15.18.

Orange Announces Dividend

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

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.