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Stocks That Fell to 3-Year Lows in the Week of Jan. 3

Orange S.A. (NYSE:ORAN), Iron Mountain Inc. (NYSE:IRM), PLDT Inc. (NYSE:PHI) and Meredith Corp. (NYSE:MDP) have declined to their three-year lows.

Orange declined to $14.75

The price of Orange S.A. (NYSE:ORAN) shares declined to $14.75 on Jan. 3, which is only 1.5% above the three-year low of $14.53.

Orange is a French telecommunications company that services more than 266 million customers worldwide, employing more than 89,000 people in France. The company is the tenth-largest mobile network operator in the world and the fourth-largest in Europe. It is also a component of the CAC 40.


Orange has a market cap of $39.08 billion; its shares were traded around $14.75 with a price-earnings ratio of 18.62 and a price-sales ratio of 0.85. The trailing 12-month dividend yield is 5.30%. The forward dividend yield is 5.32%. Orange had an annual average earnings growth of 0.40% over the past five years.

On Dec. 17, Orange announced it has signed an agreement concerning the deployment of 900 to 2,000 new mobile network sites with ATC France, a telecommunications hosting subsidiary of American Tower Corp. (AMT). The deployment of the new mobile network sites will be located mainly in rural areas and along transport routes, and is set to take place over the period between 2020 and 2024.

Iron Mountain declined to $30.64

The price of Iron Mountain shares declined to $30.64 on Jan. 3, which is only 4.4% above the three-year low of $29.28.

Iron Mountain is an American enterprise information management services company that specializes in records management, information destruction and data backup and recovery services. It is a component of the S&P 500 Index and a member of the FTSE4Good Index.

Iron Mountain has a market cap of $8.8 billion; its shares were traded around $30.64 with a price-earnings ratio of 22.36 and a price-sales ratio of 2.08. The trailing 12-month dividend yield is 7.99%. The forward dividend yield is 8.14%. Iron Mountain had an annual average earnings growth of 0.30% over the past 10 years.

On Dec. 19, Iron Mountain announced that Doyle Simons has been appointed to its board of directors, effective Jan. 1. Simons will be a member of both the finance and compensation committees. He served as CEO and president of Weyerhaeuser Co. (WY), a timber company, from 2013 to his retirement in 2019. Prior to his position at Weyerhaeuser, Simons also served as chairman and CEO of Temple-Inland, a corrugated packaging and building products company, from 2007 to 2012.

PLDT declined to $19.81

The price of PLDT shares declined to $19.81 on Jan. 3, which is only 2.8% above the three-year low of $19.25.

PLDT is an international telecommunications and digital services company that is based in the Philippines. It is the largest company of its kind in the country and is the most-known internet service provider there. The company offers cellular services, fixed-line telephony, internet protocol television and various information technology services.

The company has a market cap of $4.28 billion; its shares were traded around $19.81 with a price-earnings ratio of 11.63 and a price-sales ratio of 1.26. The trailing 12-month dividend yield is 6.95%. The forward dividend yield is 6.97%.

On Nov. 30, PLDT announced that its wireless subsidiary, Smart Communications Inc., has created an agreement with the Araneta Group to launch 5G technology in Araneta City and transform it into the country's first Smart 5G Lifestyle Hub. The launch will feature the country's first 5G indoor deployment and the first 5G enabled shopping mall.

Meredith declined to $31.50

The price of Meredith shares declined to $31.50 on Jan. 3, which is only 3.1% above the three-year low of $30.52.

Meredith is an American mass media conglomerate that owns magazines, television stations, websites and radio stations. The company's publications have a readership of more than 120 million, with paid circulation of more than 40 million. The company's broadcast television stations reach approximately 11% of U.S. households. The company is also a component of the S&P 400.

Meredith has a market cap of $1.47 billion; its shares were traded around $31.50 with a price-sales ratio of 0.45. The trailing 12-month dividend yield is 7.28%. The forward dividend yield is 7.28%. The company had an annual average earnings growth of 19.10% over the past five years.

On Dec. 18, Meredith announced the quarterly magazine Cooking Light is now available for home delivery via the Meredith Magazine Store. Cooking Light is a multi-channel brand that also includes CookingLight.com and Cooking Light Diet. The quarterly will continue to be available at newsstands with a $11.99 cover price. An annual subscription for the magazine costs $20 for four issues, and a two-year subscription is $30 for eight issues.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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This article first appeared on GuruFocus.