Orange : OC à 14.5 € vs 16 €, Neutre vs Achat : Orange devrait rester dans son range
>Déception sur l’EBITDAaL 2020 - Premier point qui pose question : comment Orange peut-il attendre un EBITDAaL « flat + » alors que des éléments comme e-presse ne pèsent plus en 2020 et que le groupe sera à son pic de wholesale en France ? Cela traduit, selon nous, un organique moins fort que nous ne l’anticipions jusqu’à présent, signe qu’Orange ne bénéficie pas du rebond en France. Tous les espoirs du groupe reposent donc sur l’Afrique qui représente près de la moit...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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