Orange: Barclays upgrades stock

(CercleFinance.com) - Barclays has upgraded Orange shares on from "equal weight" to "overweight", raising its target price for them from E12 to E13.
5.

In a sector report, the broker justifies its decision by the continuous improvement in the prices of offers in France, as illustrated by the recent increases announced by Bouygues and SFR.

With nearly 65% ​​of its intrinsic value drawn from France, it is Orange that is most likely to benefit from this buoyant pricing environment, believes Barclays.

The analyst also expects the profitability of the telecom operator to continue to improve, with a ROCE rising from 5.7% in 2021 to 6.1% in 2022.

Indeed, Barclays expects this to be around 7% by 2025.



Copyright (c) 2023 CercleFinance.com. 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.