Orange: Oddo confirms rating after Roadshow
(CercleFinance.com) - Oddo has confirmed its buy rating on the Orange stock with a target price of 18.
50 euros after organising a roadshow with the group.
Analysts say that Orange is aware that it is the only one to generate FCF, that its competitors will not be able to prolong this price war forever and that the operator can afford to wait a few quarters without outbidding in the price war.
In the nearer term, as the company has raised prices for 2.1m of its subscribers, this suggests that the next four publications are expected to report 1.5% growth on in Orange's ARPU, Oddo adds.
Copyright (c) 2018 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.
50 euros after organising a roadshow with the group.
Analysts say that Orange is aware that it is the only one to generate FCF, that its competitors will not be able to prolong this price war forever and that the operator can afford to wait a few quarters without outbidding in the price war.
In the nearer term, as the company has raised prices for 2.1m of its subscribers, this suggests that the next four publications are expected to report 1.5% growth on in Orange's ARPU, Oddo adds.
Copyright (c) 2018 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.