Orange (OTCMKTS:ORANY) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Orange (OTCMKTS:ORANY) from a hold rating to a strong sell rating in a research note released on Thursday morning,Zacks.com reports.

A number of other research analysts have also commented on the company. Citigroup raised Orange from a “hold” rating to a “buy” rating in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Orange in a research report on Friday. Finally, Sanford C. Bernstein upgraded shares of Orange to a “hold” rating in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Orange presently has an average rating of “Moderate Buy”.

Orange Trading Up 0.9%

Shares of OTCMKTS:ORANY opened at $17.15 on Thursday. Orange has a 12-month low of $10.41 and a 12-month high of $17.22. The business has a 50 day moving average of $16.42 and a 200-day moving average of $16.13. 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 company also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.2392 per share. This represents a yield of 395.0%. The ex-dividend date was Monday, December 1st.

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.