Orange: Credit Suisse remains positive before Q1 results

(CercleFinance.com) - This morning analysts at Credit Suisse confirmed their buy ("outperform") rating on the Orange share, before the French incumbent telecom operator publishes its Q1 results on 30 April.


The broker maintains its target price at 16 euros.

Analysts expect that in 2019, the group will report better performance at the end of the year relative to the beginning. Thus, Q1 should be difficult for the group, especially because of the commercial offensive led by SFR in France, and by Vodafone beyond the Pyrenees.

However, the trend is expected to improve as the effects of special offers fade. Orange's like-for-like EBITDA is expected to increase slightly over the full year, Credit Suisse forecasts.


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