Orange: Oddo remains neutral with unsurprising publication
(CercleFinance.com) - On Thursday an analyst at Oddo BHF confirmed a "neutral" rating on the Orange group share, after an unsurprising publication, even though sales are slightly better than expected.
This publication highlights an improvement - albeit less than its competitors in France - a sound resistance of EBITDAaL, a deterioration in market conditions in Spain and finally sound results in Africa, the broker says.
Oddo BHF therefore confirms its target price of 14.50 euros for the share, meaning upside potential of +13%.
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