Accueil > Actualité
Actualite financiere : Actualite bourse

Orange: Morgan Stanley upgrades stock

( - On Tuesday Morgan Stanley upgraded its rating on the Orange stock from "underweight" to "equal weight", after the share's 26% decline since the beginning of the year.

While analysts warn that Q3 could still reserve some unpleasant surprises, with a deterioration of financial indicators in France, Spain and the Middle East/Africa (MEA), the broker points out that the French telecom operator is now in a position to monetise its infrastructure activities (telecom towers, fiber), and even its cyber security branch, based on interesting valuation multiples.

Morgan Stanley is taking advantage of this opportunity to raise its target price for the share from 11 euros to 11.5 euros, which gives it over 20% upside potential relative to its current price.

Copyright (c) 2020 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.