Orange Reported Solid 4Q, Demonstrating Thesis Is Playing Out; Shares Undervalued
Orange reported fourth-quarter results that show our thesis is intact. We expect to maintain our fair value estimate and narrow moat rating and believe the shares are undervalued. The firm reported solid fourth-quarter revenue growth of 1.8% on a comparable basis and 0.3% on a historical basis, which includes foreign exchange losses primarily from its African and Middle Eastern operations. These results allowed its full-year revenue to be a bit above our projections.Importantly, revenue in Fra...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.