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

Orange (OTCMKTS:ORANY) shares saw unusually-strong trading volume on Friday . Approximately 236,210 shares were traded during mid-day 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

A number of research analysts recently weighed in on ORANY shares. Zacks Research upgraded Orange from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Orange in a report on Monday, February 23rd. New Street Research cut Orange from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Kepler Capital Markets cut Orange from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Citigroup upgraded Orange from a “hold” rating to a “buy” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Orange Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 1.02. The company has a 50 day moving average of $20.44 and a 200 day moving average of $17.95.

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.