Orange: share price holds up, one analyst remains Buy
UBS reiterates its Buy recommendation on the stock, with an unchanged target price of E12.7, representing a potential upside of 15% compared with the current price.
' The meeting with Orange management in France and Spain has reassured us on two key re-rating catalysts: the stabilization of EBITDAaL in France and the implementation of synergies in Spain' says UBS.
The telecom operator has reconfirmed its financial targets as presented on February 16, notably for 2023, including a slight growth in EBITDAaL and organic cash flow from telecom activities of at least 3.5 billion euros.
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