(News Bulletin 247) – UBS reaffirms its ‘buy’ recommendation on Orange while reducing its price target from 12.7 to 12.1 euros, a new target that leaves a potential upside of 17% for the action of the company. incumbent French telecom operator.
‘Orange offers visibility on FCF growth, low indebtedness and M&A optionality at a lower price than the sector. The stability of EBITDAaL France from the first half of 2024 is a key catalyst,” says the broker.
UBS also points out that, like other companies in the sector, Orange has positioned itself to benefit from ESG trends, citing for example its initiatives to increase network efficiency and switch to renewable energy sources. .
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