Orange: Credit Suisse positive after Roadshow
(CercleFinance.com) - After organising a roadshow between analysts and Orange's management, this morning Credit Suisse confirms its buy ("outperform") rating on the Orange share, with a target price of 16 euros.
According to its research note, the French market seems to be improving thanks to a decline in low-cost promotional mobile subscriptions.
Over the longer term, and especially from 2022, Orange's cash flow and dividend should increase as investments, which peaked in 2018, gradually return to normal.
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