Orange: Deutsche Bank confident ahead of Q3 results

(CercleFinance.com) - Deutsche Bank is maintaining its buy rating on the Orange share, along with its target price of 17 euros, with the French telecom operator set to present its Q3 sales on 29 October.

Orange is also analysts' top pick in its sector.

The broker believes that Orange's news flow has improved since Q2, a period since which management has been optimistic. Indeed, this has not changed and Q3 looks as though it will be pretty good, with the exception - clearly identified - of Spain.

"Deutsche" also takes into account the recent removal of some fixed Internet rates from Orange, which should have their effects in Q4.


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