Orange (OTCMKTS:ORANY) Sees Strong Trading Volume – Still a Buy?

Shares of Orange (OTCMKTS:ORANY) saw strong trading volume on Friday . 236,210 shares changed hands during trading, an increase of 42% from the previous session’s volume of 165,848 shares.The stock last traded at $20.37 and had previously closed at $21.23.

Analyst Ratings Changes

Several equities analysts recently commented on ORANY shares. Zacks Research upgraded shares of Orange from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Kepler Capital Markets downgraded shares of Orange from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Citigroup raised Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Orange in a report on Monday, February 23rd. Finally, New Street Research cut Orange from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Orange Price Performance

The firm has a 50 day simple moving average of $20.42 and a two-hundred day simple moving average of $17.91. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.11.

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.