(News Bulletin 247) – Oddo BHF maintains its ‘outperformance’ rating on Orange stock with an unchanged price target of 12 euros.
Orange has published a new consensus on the rise, this one taking into account the consolidation of the Belgian cable operator VOO, reports the analyst.
Thus, sales, EBITDAaL or FCF forecasts are now up by 0.5-1% over 2023/2026. In detail, the consensus is on the rise for activity in Spain (EBITDAaL raised by 5% in 2023/2026), in Poland (+2%) and in France (+0.2%).
‘Orange thus stands out in the top 3 of operators offering the most FCF growth over 2023/2025 while the title is discounted by 10-20% compared to the sector’, highlights the analysis office.
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