Orange (OTCMKTS:ORANY) Sees Large Volume Increase – Still a Buy?

Orange (OTCMKTS:ORANY) shares saw unusually-strong trading volume on Tuesday . Approximately 488,354 shares traded hands during trading, an increase of 197% from the previous session’s volume of 164,687 shares.The stock last traded at $20.5575 and had previously closed at $20.38.

Analyst Ratings Changes

A number of research firms recently commented on ORANY. New Street Research cut Orange from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Kepler Capital Markets downgraded Orange from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Orange in a report on Monday, February 23rd. Citigroup raised Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. Finally, Zacks Research cut shares of Orange from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Orange currently has an average rating of “Hold”.

Orange Stock Up 1.1%

The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. The firm’s fifty day simple moving average is $20.50 and its 200 day simple moving average is $18.18.

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.