Orange Belgium: UBS upgrades to 'buy'
(CercleFinance.com) - UBS has upgraded its rating on Orange Belgium from "neutral" to "buy," having nudged up its target price for the share from 18.
5 euros to 19.5 euros, meaning upside potential of 19% for the share of the Belgian telecom operator.
Supported by a UBS Evidence Lab survey, the broker expects that the momentum of key performance indicators and a better cable economy will foster higher free cash flow generation.
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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.
5 euros to 19.5 euros, meaning upside potential of 19% for the share of the Belgian telecom operator.
Supported by a UBS Evidence Lab survey, the broker expects that the momentum of key performance indicators and a better cable economy will foster higher free cash flow generation.
Copyright (c) 2019 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.