Orange: UBS remains positive after annual results

(CercleFinance.com) - UBS has reaffirmed its 'buy' recommendation on Orange, maintaining its target price at 12.
1 euros, a target that implies a 13% upside potential for the stock, the day after the French telecom operator's annual results.

Pointing to the publication's 'good results and improved outlook thanks to stable competitive dynamics and increased efficiency', the broker also still sees Orange among the cheapest stocks in the sector.

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