Orange provides consumers, businesses and other telecommunications operators with a wide range of services including fixed telephony and mobile telecommunications, data transmission, Internet and multimedia, and other services. Co.'s portfolio comprises business lines (fixed-line, mobile, Internet), focusing on all customer segments (small and medium-sized businesses, multinationals), and personal and professional services for home, office, travel, and mobile. Co. manages eight operating segments: France, Poland, Spain, Rest of the Europe, Africa and Middle East, Other non-controlling equity interests, Enterprise Communication Services, and International Carriers and Shared Services.
  • TickerFTE
  • ISINFR0000133308
  • ExchangeEuronext Paris
  • SectorFixed Line Telecommunications
  • CountryFrance

Analysts

Thomas Coudry

ORANGE: A few comments on Orange - Euskaltel deal rumours | BUY | EUR17.5(+27%)

ORANGE - BUY | EUR17.5(+27%) A few comments on Orange - Euskaltel deal rumours Orange is said to eye Euskaltel in Spain The move could make sense, in line with Orange’s M&A strategy Euskaltel is expensive and carries heavy debt

Sylvain Goyon

Carrefour : Lancement de notre liste Oddo Convictions Large Cap

Nous lançons notre liste de convictions Large Cap. Nous la plaçons sous le signe de la qualité, en privilégiant si possible les structures bilancielles peu endettées, et de la visibilité. Par visibilité, nous entendons la capacité à défendre la génération de free cash-flow, que ce soit par le biais d’un positionnement concurrentiel fort (pricing power) et/ou via l’existence de programmes de rationalisation/ optimisation portés par un management disposant d’un track record éprouvé...

Orange: Update to credit analysis

Our credit view of Orange reflecting its sustained improvement in the domestic market despite intense competition.

Allan C. Nichols

Morningstar | Orange Generating Revenue Growth Despite Increased Competition in France

We view Orange as one of the prime beneficiaries of the movement to converged services (the merging of the traditional triple play of fixed-line telephony, broadband, and pay television with wireless telephony). When service bundling is combined with 4G and fibre, which help to differentiate its networks, we think Orange is well positioned for the macroeconomic trends hitting European communication markets. Orange now has 6.1 million convergent customers in France or 60% of its retail broadband base, 3.1 million convergent customers in Spain or 85% of its retail broadband base, and 1.2 million...

Allan C. Nichols

Orange Generating Revenue Growth Despite Increased Competition in France

Orange reported third-quarter revenue and EBITDA in line with our expectations and we are maintaining our EUR 19 per local share fair value estimate and narrow-moat rating. We believe the shares are undervalued. The firm reported revenue growth of 0.6% year over year versus our full year projection of 0.7%. While competition has increased in France and Spain, its two biggest markets, we believe the company is well positioned long term. The firm grew revenue in France for the sixth quarter in a r...

Thomas Coudry

ORANGE - BUY | EUR17.5 (+17%) Orange set to accelerate in financial services

ORANGE - BUY | EUR17.5 (+17%) Orange set to accelerate in financial services Strong ambitions in diversification, leveraging on core business Orange bank set to keep on growing in Europe, at a cost Africa and Middle East still paving the way in financial services

Orange: Update to credit analysis

Our credit view of Orange reflecting its sustained improvement in the domestic market despite intense competition.

Orange - June 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Orange: Key Facts and Statistics - FYE December 2017

A summary company profile, detailing Orange’s business operations and financial highlights.

Orange: Update to credit analysis

Our credit view of Orange, reflecting its ongoing improvement in the domestic market, despite continued competition and the strong performance of its Spanish subsidiary.

Thomas Coudry

ORANGE: A few comments on Orange - Euskaltel deal rumours | BUY | EUR17.5(+27%)

ORANGE - BUY | EUR17.5(+27%) A few comments on Orange - Euskaltel deal rumours Orange is said to eye Euskaltel in Spain The move could make sense, in line with Orange’s M&A strategy Euskaltel is expensive and carries heavy debt

Sylvain Goyon

Carrefour : Lancement de notre liste Oddo Convictions Large Cap

Nous lançons notre liste de convictions Large Cap. Nous la plaçons sous le signe de la qualité, en privilégiant si possible les structures bilancielles peu endettées, et de la visibilité. Par visibilité, nous entendons la capacité à défendre la génération de free cash-flow, que ce soit par le biais d’un positionnement concurrentiel fort (pricing power) et/ou via l’existence de programmes de rationalisation/ optimisation portés par un management disposant d’un track record éprouvé...

Allan C. Nichols

Morningstar | Orange Generating Revenue Growth Despite Increased Competition in France

We view Orange as one of the prime beneficiaries of the movement to converged services (the merging of the traditional triple play of fixed-line telephony, broadband, and pay television with wireless telephony). When service bundling is combined with 4G and fibre, which help to differentiate its networks, we think Orange is well positioned for the macroeconomic trends hitting European communication markets. Orange now has 6.1 million convergent customers in France or 60% of its retail broadband base, 3.1 million convergent customers in Spain or 85% of its retail broadband base, and 1.2 million...

Allan C. Nichols

Orange Generating Revenue Growth Despite Increased Competition in France

Orange reported third-quarter revenue and EBITDA in line with our expectations and we are maintaining our EUR 19 per local share fair value estimate and narrow-moat rating. We believe the shares are undervalued. The firm reported revenue growth of 0.6% year over year versus our full year projection of 0.7%. While competition has increased in France and Spain, its two biggest markets, we believe the company is well positioned long term. The firm grew revenue in France for the sixth quarter in a r...

Thomas Coudry

ORANGE: A very political Hello Show | BUY | EUR17.5

ORANGE - BUY | EUR17.5 A very political Hello Show The sharing of a vision, rather than breakthrough announcements Djingo: illustration of Orange’s know-how and Europe’s challenges Moderate reaction to Free’s Delta

Alexandre Iatrides ...
  • Alfred Glaser
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Philippe Ourpatian
  • Roland Pfaender
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2018

With 2018e FCF (£ 450m +/- £ 100m before restructuring costs) expected to reflect a significant upturn from the low point of 2016 (£ 100m), the group’s medium-term target FCF of £ 1.8bn appears realistic. On this basis, we value the group at 1,120p per share and we are upgrading our recommendation from Neutral to Buy. Cf report published yesterday night. - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Philippe Ourpatian
  • Roland Pfaender
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/10/2018

Avec un FCF 2018 (450 M£ +/- 100 M£ avant coût des restructurations) attendu en fort redressement par rapport au plus bas de 2016 (100 M£), l’objectif affiché par le groupe d’un FCF à 1.8 Md£ à moyen terme semble réaliste. Sur cette base, nous valorisons le groupe à 1 120 p par action et relevons notre recommandation de Neutre à Achat. - Cf étude publiée hier soir. - ...

With a more favourable environment, ORANGE SA improves to Slightly Positive

ORANGE SA (FR), a company active in the Integrated Telecommunications industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date November 13, 2018, the closing price was EUR 14.63 and its potential was estimated at EUR 15.36.

Ng Adrian

Orange

Ng Adrian

Orange

Ng Adrian

Orange

Ng Adrian

Orange

Jehanne Leroy

Proxy Report - 04/05/2018

ITEMS 10 to 13: It is proposed to approve the remuneration granted in 2017. No major issue is reported on this matter. However, Proxinvest raises a concern: the company fails to disclose the valuation of performance shares granted in 2017 in its remuneration tables. As this remuneration is granted in shares, it should be valued and this valuation should appear in these tables. ITEMS 7 to 9: It is also proposed to this meeting to elect the employee shareholder representatives. 3 candidates are proposed and only 1 will be elected. Among the 3 candidates proposed. Proxinvest supports Marie Russo...

Jehanne Leroy

Proxy Report - 04/05/2018

Il est proposé lors de la présente assemblée d’approuver les rémunérations attribuées au titre de l’exercice 2017 aux dirigeants. Si globalement, aucun manquement majeur n’est à souligner, on notera tout de même un problème dans la communication du Groupe. En effet, la société omet de communiquer la valorisation des actions attribuées dans les tableaux de synthèse présentés (P299). Or, cette rémunération est attribuée en actions ; elle doit donc non seulement être valorisée, mais doit également figurer dans les tableaux de synthèse recommandés par l’Afep/Medef et l’AMF. Il est également propo...

Jérôme VINERIER

Short term view - ORANGE : The trend is uncertain.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €14.440.

Jérôme VINERIER

Analyse court terme - ORANGE : La tendance est incertaine.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 14,440 €.

Jérôme VINERIER

Short term view - ORANGE : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €13.29. The background trend would be questioned should prices rise above €14.44.

Jérôme VINERIER

Analyse court terme - ORANGE : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 13,29 €. La tendance de fond serait remise en cause en cas de franchissement de 14,44 €.

Valérie GASTALDY

Medium term view - ORANGE : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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