Orange: Oddo still a buyer
(CercleFinance.com) - Oddo maintains its Outperform recommendation on Orange shares with a target price of 13.
3 euros.
The analyst points to the slowdown and certain dysfunctions in the deployment of fiber in France.
Orange's new deployments are down 50% to an average of 300,000 per quarter this year. The slowdown is a bit more pronounced than expected, Oddo says. However, this trajectory is logical and analysts do not believe that the regulatory risk is major, the analyst adds, pointing out that Orange has already deployed 17 million lines, i.e. 54% of deployments in France and more than its market share in internet customers.
Furthermore, through agreements with other operators, Orange has secured coverage of 31m lines and has thus achieved 80%-90% of its target of 39m.
Copyright (c) 2022 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.
3 euros.
The analyst points to the slowdown and certain dysfunctions in the deployment of fiber in France.
Orange's new deployments are down 50% to an average of 300,000 per quarter this year. The slowdown is a bit more pronounced than expected, Oddo says. However, this trajectory is logical and analysts do not believe that the regulatory risk is major, the analyst adds, pointing out that Orange has already deployed 17 million lines, i.e. 54% of deployments in France and more than its market share in internet customers.
Furthermore, through agreements with other operators, Orange has secured coverage of 31m lines and has thus achieved 80%-90% of its target of 39m.
Copyright (c) 2022 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.