Orange : Deep value ou value trap ? OC inchangé à 12.3 €, Achat vs Neutre
>Est-il temps de revisiter le case ? - Nous avons dégradé Orange fin 2019 lors de l’investor day convaincus que les performances Ebitdaal allaient rester décevantes en France dans les prochains trimestres, que le moteur topline de la fibre en France se tarit, que l’environnement allait rester adverse en Espagne avec des Capex toujours plus élevés que le marché n’espérait pas et une pression politique qui reste forte sur la thématique dividende. Autant dire que d’un ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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