Shares of Orange (NYSE:ORAN) traded at a new 52-week high today of $13.09. So far today approximately 306,000 shares have been exchanged, as compared to an average 30-day volume of 522,000 shares.
Over the past year, Orange has traded in a range of $10.15 to $13.09 and is now at $13.00, 28% above that low.
Orange (NYSE:ORAN) is currently priced 2.9% above its average consensus analyst price target of $12.63.
Orange is the incumbent telephone operator in France, which accounts for about 40% of the firm's sales. By country, Spain and Poland are the firm's next largest revenue generators. The company's strategy is twofold: to invest in the core business to strengthen the network (fiber build-out in France), and to diversify beyond the core business through selective acquisitions, notably in the fields of banking, cybersecurity, cloud services, and e-health.
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